In the largest overseas convertible bond offering by a Taiwan-based company in history, Wiwynn Corporation, a leading cloud IT infrastructure provider for hyperscale data centers listed on the Taiwan Stock Exchange, completed its $2 billion zero-coupon convertible bond offering due 2031.
The bonds are listed and traded on the Singapore Stock Exchange and convertible into common shares of Wiwynn listed on the Taiwan Stock Exchange.
Wiwynn is a pure-play data infrastructure provider, dedicated mainly to hyperscale data centers to facilitate cloud adoption, digital transformation and AI deployment.
S&C previously advised the initial purchasers of Wiwynn’s global depository share and convertible bond offering in 2024.
S&C acted as U.S. counsel to J.P. Morgan and Morgan Stanley as the initial purchasers of this offering.
The S&C team consisted of Ching-Yang Lin, Stephen Pang and Bebe Shing. Vanessa Blackmore, Ruby Avison and trainee solicitor Urvita Roy advised on EU and UK laws.