By Marisa Wong
Morgantown, W.Va., Sept. 25 – Hon Hai Precision Industry Co., Ltd. disclosed more details on its NT$9 billion of fixed-rate corporate bonds priced in eight tranches.
The bonds were priced at par with maturities of two, three, four, five, 5½, six, seven and 12 years, as announced on Sept. 15.
According to a Friday news release, the company priced NT$1.4 billion of the two-year bonds, NT$1.8 billion of the three-year bonds, NT$1.1 billion of the four-year bonds, NT$2.8 billion of the five-year bonds, NT$200 million of the 5½-year bonds, NT$400 million of the six-year bonds, NT$1 billion of the seven-year bonds and NT$300 million of the 12-year bonds.
The two-year bonds have a coupon of 0.95%; the three-year bonds have a coupon of 1.05%; the four-year bonds have a coupon of 1.15%; the five-year bonds have a coupon of 1¼%; the 5½-year bonds have a coupon of 1.27%; the six-year bonds have a coupon of 1.33%; the seven-year bonds have a coupon of 1.45%; and the 12-year bonds have a coupon of 2%.
The 2015 third issue bonds will be issued on Sept. 29.
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, third issue 2015
|
| Amount: | NT$9 billion
|
| Announcement date: | Sept. 15
|
| Settlement date: | Sept. 29
|
|
|
| Two-year bonds
|
| Amount: | NT$1.4 billion
|
| Maturity: | Sept. 29, 2017
|
| Coupon: | 0.95%
|
| Price: | Par
|
| Yield: | 0.95%
|
|
|
| Three-year bonds
|
| Amount: | NT$1.8 billion
|
| Maturity: | Sept. 29, 2018
|
| Coupon: | 1.05%
|
| Price: | Par
|
| Yield: | 1.05%
|
|
|
| Four-year bonds
|
| Amount: | NT$1.1 billion
|
| Maturity: | Sept. 29, 2019
|
| Coupon: | 1.15%
|
| Price: | Par
|
| Yield: | 1.15%
|
|
|
| Five-year bonds
|
| Amount: | NT$2.8 billion
|
| Maturity: | Sept. 29, 2020
|
| Coupon: | 1¼%
|
| Price: | Par
|
| Yield: | 1¼%
|
|
|
| 5½-year bonds
|
| Amount: | NT$200 million
|
| Maturity: | March 29, 2021
|
| Coupon: | 1.27%
|
| Price: | Par
|
| Yield: | 1.27%
|
|
|
| Six-year bonds
|
| Amount: | NT$400 million
|
| Maturity: | Sept. 29, 2021
|
| Coupon: | 1.33%
|
| Price: | Par
|
| Yield: | 1.33%
|
|
|
| Seven-year bonds
|
| Amount: | NT$1 billion
|
| Maturity: | Sept. 29, 2022
|
| Coupon: | 1.45%
|
| Price: | Par
|
| Yield: | 1.45%
|
|
|
| 12-year bonds
|
| Amount: | NT$300 million
|
| Maturity: | Sept. 29, 2027
|
| Coupon: | 2%
|
| Price: | Par
|
| Yield: | 2%
|
|
|
|
|
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