STATS ChipPAC, a Singapore semiconductor test and packaging firm, announced that its noteholders would sell about $365 million worth of debt back to the firm. The firm added that the price determination for the offer would take place in a few days and that its tender exercise expires on July 22
STATS, which is more than 83 percent held by Singapore state investor Temasek, plans to buy back its bonds, take a loan and private place new bonds to investors to fund a cash distribution to shareholders. The firm is the world's fourth largest provider of semiconductor assembly and testing services.


