Chartered Semiconductor sets talk for upsized $625 million offering of five-, 10-year notes

By Reshmi Basu

New York, July 28 - Chartered Semiconductor Manufacturing set price talk for an upsized $625 million offering of five- and 10-year senior notes (Baa3/BBB-) Thursday, according to a market source.

Talk for the $375 million five-year notes was set at 190 basis points more than Treasuries.

Meanwhile talk for the $250 million tranche of 10-year notes was set at 230 bps more than Treasuries.

The offering, which was increased from $450 million, is expected to price on Friday.

Goldman Sachs (Singapore) Pte. is the global coordinator for the Securities and Exchange Commission registered offering. Citigroup and Goldman Sachs (Singapore) Pte. are joint bookrunners. ABN Amro and Bank of America Singapore Ltd. are co-lead managers.

The Milpitas, Calif.-based company operates dedicated semiconductor foundries.

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