Nomura helps price GlobalWafers' 'unique' exchangeable units issuance

The deal involved the chipmaker's German subsidiary and was the first ever public exchangeable issuance out of a Taiwan group issuer into a non-Taiwanese listed underlying.

Andrew Tjaardstra

January 23, 2024

Taiwanese chipmaker GlobalWafers’ wholly-owned German subsidiary, GlobalWafers GmbH, priced €345.2 million ($375.7 million) exchangeable units for Munich-headquartered Siltronic's shares held by GlobalWafers on January 16, 2024, with the deal closing on January 23. Nomura acted as the sole global coordinator and the sole bookrunner for the offering.

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