By Chen Cheng-hui / Staff reporter
Gigabyte Technology Co (技嘉科技) yesterday set a conversion price of NT$371.81 (US$11.75) for its five-year overseas convertible bond issue, a 12.5 percent premium from Monday’s closing share price of NT$330.5.As Gigabyte shares fell 7.72 percent to NT$305 yesterday on profit-taking, the conversion premium rose to 21.9 percent.Gigabyte is a producer of servers, graphics cards, motherboards, notebook computers and other computer peripherals. Its revenue rose 59.8 percent year-on-year to NT$105.06 billion in the first quarter, a record high.
Attendees visit the Gigabyte booth at CES 2024 at the Las Vegas Convention Center in Las Vegas, Nevada, on Jan. 10, 2024.
The company is to start issuing the US$500 million zero-interest overseas convertible bonds on Tuesday next week, it said in a regulatory filing.The convertible bonds are the company’s fifth overseas fundraising this year, as it aims to finance its material purchases for business expansion, Gigabyte said.
