TSE:6857Semiconductor
Advantest Convertible Bond Fuels Growth Plans And Raises Dilution Questions
Advantest (TSE:6857) has announced euro-denominated convertible bonds due 2031, targeting a total issue size of ¥100b.
The company plans to use the proceeds to expand semiconductor test equipment production, secure key inventory, and accelerate development of next generation solutions.
The bonds come with a 60% conversion premium, with management highlighting an aim to limit shareholder dilution while raising growth capital.
Advantest’s new funding plan follows a 1-year share price gain of...