StocksMedium•5 October 2026•
1 min read
Taiwan's UMC to Raise $1.8 Billion via Convertible Bonds for Expansion
Key Facts
1United Microelectronics Corp is raising $1.8 billion through two zero-coupon convertible notes due in 2028 and 2031.
2The proceeds from the bond issuance will be used to fund new equipment and plant construction.
United Microelectronics Corp is raising $1.8 billion through two zero-coupon convertible notes due in 2028 and 2031. Finimize reported that the proceeds from the bond issuance will be used to fund new equipment and plant construction to boost production capacity.
The financing move follows a period where UMC closed at $26.27 on October 2, 2026. The company seeks to fund these capital expenditures while taking advantage of conversion premiums to avoid immediate interest payments and immediate shareholder dilution.