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

Hong Kong and Singapore capital markets team advises on high profile bond offering.

October 07, 2020

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.

Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.