TSMC in $1.5 Billion Guaranteed Notes Offering

April 3, 2013

Cleary Gottlieb represented Goldman Sachs International as the initial purchaser in a Rule 144A/Regulation S dual tranche $1.5 billion offering by Taiwan Semiconductor Manufacturing Company Limited’s wholly-owned subsidiary, TSMC Global Ltd. of 0.950% notes due 2016 and 1.625% notes due 2018. The transaction represents TSMC’s inaugural bond offering in the international capital markets. TSMC guaranteed the notes, which are listed on the Singapore Stock Exchange. The offering priced on March 27 and closed on April 3.

TSMC is the world’s largest dedicated semiconductor foundry. Its customers include many of the world’s leading semiconductor companies. TSMC’s common shares are listed on the Taiwan Stock Exchange, and its American Depository Shares are listed on the New York Stock Exchange.