Taiwan’s Hon Hai Precision plans bond issue of up to NT$30 billion

By Mary-Katherine Stinson

Lexington, Ky., March 14 – Hon Hai Precision Industry Co., Ltd. plans to issue up to NT$30 billion of fixed-rate corporate bonds in one or more installments, according to a notice.

The bonds will be issued at par with a face value of NT$1,000, subject to market conditions.

Proceeds will be used to supplement working capital and for debt repayment.

Hon Hai’s board of directors approved the issuance on March 14.

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

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