By Marisa Wong
Madison, Wis., Aug. 8 – Foxconn (Far East) Ltd., a subsidiary of Hon Hai Precision Industry Co., Ltd., priced ¥30 billion of three-year corporate bonds with a coupon of 0.87%, according to a Taiwan Stock Exchange notice.
The bonds, which are guaranteed by Hon Hai, will be issued under Foxconn’s medium-term note program.
Foxconn along with another Hon Hai subsidiary, Competition Team Technologies Ltd., established a $20 billion MTN program in September 2012.
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.
| Issuer: | Foxconn (Far East) Ltd.
|
| Guarantor: | Hon Hai Precision Industry Co., Ltd.
|
| Issue: | Medium-term corporate bonds
|
| Amount: | ¥30 billion
|
| Maturity: | Three years
|
| Coupon: | 0.87%
|
| Announcement date: | Aug. 8
|
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