Infineon signs largest European US PP in years

AI_chips_575px_adobe_3June20
By Silas Brown
29 Mar 2021

German semi-conductor business Infineon, which is Europe’s largest chip maker, has sold $1.3bn of US private placements, according to several market sources, in the largest trade from Europe in almost five years.

Bank of America launched the deal in early March, with an initial cover size of $500m.

Infineon has been in the market once before, selling inaugural private placements in 2016 via Bank of America and Goldman Sachs. The $935m deal had eight, 10 and 12 year tranches and was ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial