ADVANTEST CORPORATION [6857.T]
TOKYO, Apr 01 (Pulse News Wire) – AdvanTest Corporation (6857.T) announced the issuance of Euro-yen convertible bonds due in 2031. The bonds will be offered through Regulation-S compliant markets outside the United States, primarily in Europe and Asia.
Key terms include a coupon rate of 0.00%, a conversion price limit until March 31, 2030, and a lock-up period lasting 180 days post payment completion. Proceeds totaling approximately ¥50.00 billion will be allocated towards enhancing semiconductor testing equipment capacity and securing strategic inventory.
Additionally, funds will support advancements in next-generation test solutions. AdvanTest selected convertible bonds to minimize funding costs and manage potential dilution risks while maintaining flexibility in its capital structure.
The issuance aims to bolster production capabilities and strengthen relationships with customers amid growing demand for advanced testing technologies.
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