Conversion Price Adjustment for 4th Series Overseas Unsecured Convertible Bonds
Original: 海外第四次無擔保轉換公司債轉換價格調整 公告
Summary
Quanta Computer has announced an adjustment to the conversion price of its fourth series of overseas unsecured convertible bonds (ECBs). Such adjustments are typically triggered by corporate actions — most commonly a cash dividend distribution — and alter the share-per-bond conversion ratio for existing CB holders. Full body available on MOPS.
Full Translation
Subject-line translation: 'Announcement — Conversion Price Adjustment for the Fourth Series of Overseas Unsecured Convertible Bonds.' Quanta Computer (TWSE: 2382) is notifying the market that the conversion price applicable to its fourth overseas unsecured convertible bond issuance has been revised. Under standard Taiwan CB terms, conversion prices are contractually required to be adjusted downward following dividend payments, capital reductions, or other dilutive corporate actions, so that bondholders are not economically disadvantaged. The revised conversion price determines how many Quanta common shares each bond unit may be exchanged for going forward. Investors holding these instruments or tracking the company's diluted share count should review the updated terms on MOPS. [Body not available — subject line only. See MOPS for full announcement.]