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Technology Stocks : Alliance Semiconductor

ALSC 0.810

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Jul 10 5:00 PM EST

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To: AJ Berger who wrote (5418)	7/21/1999 12:41:00 AM
From: DJBEINO	Read Replies (1) of 9582

UMC 2303 closed @65.50 - 1.00 vol 68,521,822 3rd most active ++++++++++++++++++++++++++++= UMC plans to raise 10 bln twd via loans, corporate debt issues TAIPEI (AFX-ASIA) - United Microelectronics Corp is seeking to raise 10 bln twd through loans and the issue of corporate debts, a banker involved in the deal said. The banker said UMC intends to raise 4.5 bln twd via a seven-year loan offered by the Council for Economic Planning and Development, priced at 18 basis points above the annual floating rate for postal savings. The all-in end cost would be 55 basis points above the price. He said the company will also raise 4 bln twd though the issue of five-year corporate debt notes. The remaining 1.5 bln twd will be raised through a U.S.-dollar seven-year syndicated loan priced at 62.50 basis points above LIBOR, he added. He said the company intends to use the funds for the purchase of equipment for an 8-inch waffer plant in Taiwan, and that UMC seeks to conclude the financing in September. International Commercial Bank of China, Citigroup and a new bank will arrange the loans and debt issue, he said. At 9:55 am, UMC was down 1.00 at 65.50 twd.

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