TSMC Prepares to Sell Bonds in Taiwan Amid Major Expansion
- Chipmaker plans to price about $575 million-equivalent
- Company’s capital expenditure this year may total $28 billion
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Taiwan Semiconductor Manufacturing Co. is set to sell local currency bonds Thursday, as it prepares for a spending blitz amid a global chip shortage.
The world’s largest maker of chips for other companies plans to price about NT$16 billion ($575 million) of notes in three parts in an auction, though the actual issuance size may change. The manufacturer will have to contend with a recent rise in rates globally that has sent many corporate bond yields up from record lows in the past few weeks.