Taiwan’s Hon Hai Precision OK’d to issue up to NT$27 billion bonds

By Rebecca Melvin

Concord, N.H., March 16 – Hon Hai Precision Industry Co., Ltd. said it plans to issue up to NT$27 billion of corporate bonds at par in one or more tranches.

The tranches may have the same or different tenors depending on market conditions.

The company’s board of directors approved the proposed issuance on Wednesday. And proceeds will be used to repay debt and for working capital.

Hon Hai Precision is a Tu-cheng, Taiwan, manufacturer of computer connectors, cable assemblies and enclosures.

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