Taiwanese chipmaker Winbond seeks $750 million in bond sale to fund capacity expansion

Taiwan memory chip maker Winbond Electronics launched a $750 million convertible bond sale on Tuesday, according to a term sheet seen by Reuters.

Winbond supplies semiconductor memory products, ‌including DRAM ⁠and ⁠code-storage flash memory, to customers in the communications, consumer electronics, automotive, industrial, and computer peripheral markets, according to its official website.

The bonds will mature in about one ​year. They will pay ⁠no coupon.