Giga-Byte Technology, a PC hardware and solutions developer listed on the Taiwan Stock Exchange, completed its offering of $500 million currency-linked zero coupon convertible bonds. The bonds are listed and traded on the Singapore Stock Exchange and convertible into common shares of Giga-Byte listed on the Taiwan Stock Exchange.
Giga-Byte offers a comprehensive product lineup, including motherboards, graphics cards, servers, PCs, other PC components and peripherals. As a major player in the gaming PC sector, Giga-Byte provides high-end motherboards and graphics cards. Giga-Byte also provides AI PCs, AI servers and AI computing solutions, and offers a full spectrum of cooling technology, ranging from air cooling and direct liquid cooling to immersion cooling.
S&C acted as U.S. counsel to UBS and Citigroup as the initial purchasers of the offering. S&C has advised the initial purchasers of Giga-Byte’s four global depository receipt and convertible bond offerings since 2023.
The S&C team consisted of Ching-Yang Lin, Stephen Pang and Jeffrey Lee. Vanessa Blackmore, Emily Thomson and trainee solicitor Urvita Roy advised on EU and UK laws.