By Marisa Wong
Madison, Wis., Dec. 6 - Hon Hai Precision Industry Co., Ltd. said it issued NT$6 billion of fixed-rate corporate bonds in three tranches on Friday.
The bonds were priced at par with maturities of three, five and seven years.
The three-year bonds have a coupon of 1.35%, the five-year bonds have a coupon of 1½% and the seven-year bonds have a coupon of 1.85%.
This is the company's third corporate bond issue for 2013.
Proceeds will be used to pay down short-term debt.
Hon Hai Precision is a Tu-cheng, Taiwan, manufacturer of computer connectors, cable assemblies and enclosures.
| Issuer: | Hon Hai Precision Industry Co., Ltd.
|
| Issue: | Corporate bonds
|
| Amount: | NT$6 billion
|
| Settlement date: | Dec. 6
|
|
|
| Three-year bonds
|
| Maturity: | Three years
|
| Coupon: | 1.35%
|
| Price: | Par
|
| Yield: | 1.35%
|
|
|
| Five-year bonds
|
| Maturity: | Five years
|
| Coupon: | 1½%
|
| Price: | Par
|
| Yield: | 1½%
|
|
|
| Seven-year bonds
|
| Maturity: | Seven years
|
| Coupon: | 1.85%
|
| Price: | Par
|
| Yield: | 1.85%
|
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