Press Release

hynix Offering Domestic CB

By August 20, 2008 December 7th, 2020 No Comments
– Unsecured Fixed Rate CB with a 5 year Maturity

Seoul, August 20, 2008

hynix Semiconductor Inc. (‘hynix’ ‘the Company’, announced that it is planning to offer a size of KRW 500bn unsecured fixed rate domestic convertible notes due 2013, on August 20th.

hynix will use the proceeds from the offering to repay the CBs issued in 2006, which may be redeemed on September 29th, 2008 at the option of the noteholders.

The notes will be issued at a 5 year maturity, with conversion premium of 30%, YTM of 5.8%, coupon yield of 3.0% and conversion period starting from one month later after closing, with an investor’s put option at the 3rd anniversary. In spite of unfavorable market views toward the semiconductor industry, the Company expects that the improved investors’ confidence on the company’s technology leadership in the semiconductor industry and future growth potentials will be successfully reflected on the offering.

About hynix Semiconductor Inc.

hynix Semiconductor Inc. (HSI) of Icheon, Korea, is the world’s top tier memory semiconductor supplier offering Dynamic Random Access Memory chips (“DRAMs”) and Flash memory chips to a wide range of established international customers. The Company’s shares are traded on the Korea Stock Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about hynix is available at



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