Taiwan's Asustek launches $1.5 billion convertible bond to fund materials purchases, term sheet shows

Asustek Computer

10/09/2026 11:31

HONG KONG, Sept 10 (Reuters) - Taiwan's Asustek Computer 2357.TW is launching a $1.5 billion five-year zero-coupon convertible bond, with proceeds earmarked for buying raw materials in foreign currencies, according to a term sheet seen on Thursday.
Here are more details:
The bonds, due in September 2031, are marketed with a yield of 0.7% to 1.7% a year and a conversion premium of 40% to 50% over Thursday's closing share price of T$989 ($31.32).
The initial conversion price is T$1,384.60 to T$1,483.50 per share.
Investors can sell the bonds back to Asustek after two years and again after four years. 
($1 = 31.5740 Taiwan dollars)

 (Reporting by Yantoultra Ngui, Editing by Louise Heavens)
 ((Yantoultra.Ngui@thomsonreuters.com;))