Top Chipmaker Sells Bond In Defiance of Murky Sector Outlook


Taiwan Semiconductor Manufacturing Co. is selling its second dollar bond since April, a deal that may offer clues about investor appetite at a time of growing uncertainties about the chip industry’s outlook.

The world’s largest contract chipmaker is marketing a two-part offering, with initial price guidance set at 150 basis points above US Treasuries for the five-year tranche and 200 bps for the 10-year portion, according to people familiar with the deal who requested anonymity discussing a private matter.