Ad-hoc | 30 April 2003 07:16

Infineon Technologies AG english

Infineon Technologies Launches 7-Year Non-Call 3 Subordinated Convertible Bond Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Infineon Technologies Launches 7-Year Non-Call 3 Subordinated Convertible Bond Not for release in the United States, Canada or Japan Munich, April 30, 2003 – Infineon Technologies AG is launching a subordinated convertible bond issue through its Dutch subsidiary Infineon Technologies Holding B.V. today. The transaction size will be approximately Euro 700 – 725 million and is convertible into up to 69 million shares of Infineon Technologies AG, the equivalent cash amount at the company’s discretion or an equivalent cash/share combination. The convertible bond has a maturity of 7 years and cannot be called for the first three years of the life of the security, callable thereafter subject to a 125 per cent provisional call. Coupon and conversion premium will be set at pricing, which is expected to occur today. The bond will be placed with institutional investors outside the US in reliance on Regulation S. Goldman Sachs International and Morgan Stanley & Co. International Limited are the bookrunners on the transaction. Morgan Stanley & Co. International Limited will be Stabilisation Manager for the offering. Infineon is issuing the convertible bond to benefit from the attractive financing opportunity available in the current convertible market given the low interest rate and high volatility environment. The proceeds of the issue will serve to further strengthen Infineon’s financial position and support the long- term strategy of Infineon Technologies AG. end of ad-hoc-announcement (c)DGAP 30.04.2003 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: This press release is for information purposes only and is not an offer to sell, or the solicitation of an offer to buy, any securities. In connection with this transaction there has not been, nor will there be, any public offering of Infineon Technologies AG or Infineon Technologies Holdings B.V. securities(“Infineon securities”). The distribution of this press release and the offer and sale of Infineon securities in certain jurisdictions may be restricted by law. Any persons reading this press release should inform themselves of and observe any such restrictions. This press release is not an offer of securities for sale in the United States. The offer and sale of Infineon securities has not been, nor will it be, registered under the United States Securities Act of 1933 and Infineon securities may not be offered or sold in the United States absent such registration or an applicable exemption from registration. Any public offering of Infineon securities to be made in the United States will be made by means of a prospectus that may be obtained from Infineon Technologies AG or the selling security holder and that will contain detailed information about Infineon Technologies AG and its management, as well as financial statements. ——————————————————————————– WKN: 623100; ISIN: DE0006231004; Index: DAX Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart; NYSE 300716 Apr 03