TSMC announced on March 28 that the company has priced an offering of senior unsecured notes, which is expected to close on April 3, 2013.

TSMC will issue US$1.5 billion in aggregate principle amount of notes, consisting of US$350 million aggregate principal amount of 0.950% notes due April 3, 2016 and US$1.15 billion aggregate principal amount of 1.625% notes due April 3, 2018.

The notes are offered at 99.988% of par in the case of the 2016 notes and 99.933% of par for the 2018 notes.

TSMC expects to receive net proceeds of approximately US$1.495 billion from the offering. These proceeds will be used for general corporate purposes, the company said.

By: DocMemory
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