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Latham & Watkins Advises Initial Purchasers in TSMC’s US$3 Billion Notes Offering

October 7, 2020
Hong Kong and Singapore capital markets team advises on high profile bond offering.

Taiwan Semiconductor Manufacturing Company Limited (TSMC), through its wholly owned subsidiary, TSMC Global Ltd., has raised an aggregate amount of US$3 billion from the issuance of a three-tranche notes offering, consisting of US$1 billion 0.750% Notes due 2025, US$750 million 1.000% Notes due 2027, and US$1.25 billion 1.375% Notes due 2030. TSMC, a multinational semiconductor contract manufacturing and design company, is currently the world’s largest dedicated foundry in the semiconductor industry. The transaction is the largest bond offering by a Taiwanese corporate to date.   

Latham & Watkins LLP represented the initial purchasers in the offering with a capital markets team led by Hong Kong partners Tracy Edmonson and Benjamin Su, and Singapore counsel Monsiree Jirasarunya.