SEOUL : South Korea's SK Hynix, the world's second-largest memory chip maker, has raised $1.7 billion in a convertible bond deal that comes as chipmakers' profits suffer due to a global semiconductor glut driven by an economic slowdown.
The bonds, to be listed in Singapore, have a coupon of 1.75 per cent a year and will mature in 2030, according to a separate term sheet seen by Reuters. SK Hynix posted a record quarterly operating loss of 1.7 trillion won in the September-December quarter.
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