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Asustek Computer Prices $1.5 Overseas Convertible Billion Bonds

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Asustek Computer (TPE:2357) priced its second unsecured overseas convertible bonds at $1.5 billion, according to a Thursday filing.

The bonds carry a 0% coupon and will mature on Sept. 17, 2031.

The initial conversion price is NT$1,384.6 per share, set at a 40% premium to the company's Sept. 10 closing price of NT$989.

The bonds will be listed on the Singapore Exchange and proceeds will be used to procure raw materials in foreign currencies.

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