By Rebecca Melvin
New York, Oct. 28 – Foxconn (Far East) Ltd., a subsidiary of Hon Hai Precision Industry Co., Ltd., priced $1.4 billion of notes in two tranches, according to a Singapore Stock Exchange notice.
The company priced $800 million of five-year notes with a fixed coupon of 1 5/8% and $600 million of 10-year notes with a fixed coupon of 2½%.
Merrill Lynch (Asia Pacific) Ltd., Citigroup Global Markets Ltd., HSBC and J.P. Morgan Securities plc are the lead managers and bookrunners of the Regulation S deal.
The Cayman Islands-based company makes electrical components.
| Issuer: | Foxconn (Far East) Ltd.
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| Guarantor: | Hon Hai Precision Industry Co., Ltd.
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| Issue: | Medium-term notes
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| Amount: | $1.4 billion
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| Announcement date: | Oct. 28
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| Five-year notes
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| Amount: | $800 million
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| Maturity: | Five years
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| Coupon: | 1 5/8%
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|
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| 10-year notes
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| Amount: | $600 million
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| Maturity: | 10 years
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| Coupon: | 2½%
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