Asus 2007 Annual Report Download - page 107

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103
ASUSTEK COMPUTER INC.
Notes to Non-Consolidated Financial Statements (Unaudited)
(In New Taiwan thousand dollars unless otherwise stated)
19
(2) The Company issued the first Euro convertible bonds (ECB I) on the Luxembourg
Stock Exchange on January 15, 2004 with a coupon rate of 0%. The main issuance
terms of ECB I are as follows:
A. The offering amount: US$320,000,000
B. Issue price: 100.50% of principal amount
C. Main terms of repurchase:
(a) The Company has the right to redeem the ECB I in whole or in part (in the
principal amount of US$1,000 or any integral multiple thereof) at any time on or
after January 15, 2006 at a price equal to 100% of the unpaid principal amount
thereof if the Closing Price of the Common Shares (translated into US dollars at
the Prevailing Rate) on each of 20 consecutive Trading Days reach at least
120% of the Conversion Price.
(b) The Company has the right to redeem the ECB I at any time at a price equal to
100% of the unpaid principal amount thereof if at least 95% in principal amount
of the ECB I has been redeemed, repurchased and cancelled, or converted.
(c) If, as a result of certain changes relating to the tax laws in the R.O.C.or such
other jurisdiction in which the Company has to pay extra interest expenditure,
the Company has the right to redeem the ECB I at any time at a price equal to
100% of the unpaid principal amount thereof.
(d) Each Holder has the right to require the Company to repurchase all or a portion
(in the principal amount of US$1,000 or any integral multiple thereof) of his/her
ECB I on January 15, 2006 and January 15, 2007 at a price equal to 98.5001%
and 97.5150%, respectively, of the unpaid principal amount thereof.
(e) If the Common Shares cease to be listed or admitted to trading on the Taiwan
Stock Exchange (TSE) for a period of at least five consecutive Trading Days,
then each Holder will have the right to require the Company to repurchase all of
such Holder’s ECB I at a price equal to 100% of the unpaid principal amount
thereof.