By Marisa Wong
Madison, Wis., Sept. 25 – Hon Hai Precision Industry Co., Ltd. said it issued NT$9.2 billion of fixed-rate corporate bonds in five tranches on Monday.
The bonds were priced at par with maturities of 3½, five, seven, 10 and 12 years. The breakdown of the tranches was not disclosed.
The 3½-year bonds have a coupon of 1¼%; the five-year bonds have a coupon of 1.45%; the seven-year bonds have a coupon of 1.8%; the 10-year bonds have a coupon of 2.02%; and the 12-year bonds have a coupon of 2.15%.
This is the company’s fourth corporate bond issue for 2014.
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.
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Issue: | Corporate bonds
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Amount: | NT$9.2 billion
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Settlement date: | Sept. 25
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3½-year bonds
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Maturity: | 3½ years
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Coupon: | 1¼%
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Price: | Par
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Yield: | 1¼%
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Five-year bonds
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Maturity: | Five years
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Coupon: | 1.45%
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Price: | Par
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Yield: | 1.45%
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|
Seven-year bonds
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Maturity: | Seven years
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Coupon: | 1.8%
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Price: | Par
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Yield: | 1.8%
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10-year bonds
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Maturity: | 10 years
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Coupon: | 2.02%
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Price: | Par
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Yield: | 2.02%
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|
12-year bonds
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Maturity: | 12 years
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Coupon: | 2.15%
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Price: | Par
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Yield: | 2.15%
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