Phison Electronics, a Taiwan-based global leader in NAND flash controller integrated circuits and storage solutions listed on the Taipei Exchange, completed its $800 million offering of zero-coupon convertible bonds due 2031.
The offering comprised two $400 million tranches: a currency-linked USD-denominated tranche and a USD-denominated tranche. The bonds are listed and traded on the Singapore Exchange and convertible into common shares of Phison listed on the Taipei Exchange.
Phison is a global leader in NAND flash controllers and full-stack NAND storage solutions. With more than 25 years of industry experience, Phison is one of the few independent vendors globally with in-house development, large-scale commercialization and global delivery capabilities across consumer, enterprise and automotive-grade applications, and is expanding into AI storage infrastructure and edge AI computing platforms.
S&C acted as U.S. counsel to J.P. Morgan as the initial purchaser of the offering.
The S&C team consisted of Ching-Yang Lin, Stephen Pang, Bella Wang and Vanessa Kwang.