Taiwan's Hon Hai units set up $20 billion foreign-currency MTN program

By Marisa Wong

Madison, Wis., Sept. 21 - Foxconn (Far East) Ltd. and Competition Team Technologies Ltd., subsidiaries of Hon Hai Precision Industry Co., Ltd., established a $20 billion medium-term note program, according to a Taiwan Stock Exchange announcement.

Under the program, Foxconn and Competition Team may from time to time issue foreign currency-denominated notes guaranteed by Hon Hai.

The parent company is a Tu-cheng, Taiwan, manufacturer of computer connectors, cable assemblies and enclosures.

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