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News Article

Qimonda announces proposed convertible bonds offering

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Qimonda Finance announced its intention to offer senior unsecured convertible bonds.

Qimonda Finance, a wholly owned subsidiary of Qimonda AG, announced its intention to offer, subject to market conditions and other factors, Senior Unsecured Convertible Bonds due 2013 (the "Bonds") convertible into up to 25 million American Depositary Shares (ADS) of Qimonda AG.

Qimonda also intends to grant the underwriters an option to purchase Bonds convertible into up to 3.75 million additional ADS to cover over-allotments, if any. The conversion premium will be 30% or 35% above the reference shares price, which will be based on the volume weighted average price per Qimonda ADS between the launch date and the pricing date of the Bonds. The Bonds will be issued at 100% of the principal amount and will pay interest semi-annually. The coupon will range from 5.00 – 6.00% per annum and will be determined during a book building process, subject to potential adjustments to the coupon if the reference share price of the Bonds differs from the placement price of the concurrent equity placement described below.

The offering will take the form of a public offering in the United States and institutional private placements elsewhere. Application will be made for the Bonds to be listed on the Open Market of the Frankfurt Stock Exchange. The shares into which the Bonds will be convertible are listed on the New York Stock Exchange and trade under the symbol "QI".

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