(Bloomberg) -- Hynix Semiconductor Inc., the world's
second-largest memory chipmaker, may cut the yield on $500
million of bonds it's planning to sell after receiving more than
$6 billion of orders, according to an e-mail sent to investors.
The Ichon, South Korea-based company may price the 10-year
bonds to yield 7.875 percent, or 25 basis points lower than it
previously offered, the e-mail said. The bonds, which Hynix can
redeem in five years, will be priced today, the e-mail said. A
basis point is 0.01 percentage point.
Read more at Bloomberg Bonds News
second-largest memory chipmaker, may cut the yield on $500
million of bonds it's planning to sell after receiving more than
$6 billion of orders, according to an e-mail sent to investors.
The Ichon, South Korea-based company may price the 10-year
bonds to yield 7.875 percent, or 25 basis points lower than it
previously offered, the e-mail said. The bonds, which Hynix can
redeem in five years, will be priced today, the e-mail said. A
basis point is 0.01 percentage point.
Read more at Bloomberg Bonds News
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