Taiwan's Winbond to sell $120 million convertibles via Goldman

New York, Dec. 8 - Winbond Electronics Corp. said it plans offer $120 million of global convertible bonds via underwriter Goldman Sachs International.

The sale was approved by the company's board of directors at a meeting Thursday.

Winbond expects the securities to have a zero coupon and a maturity of up to five years.

Proceeds will be used to buy raw materials overseas and repay loans.

Winbond is a Hsinchu, Taiwan, semiconductor maker.

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