By Marisa Wong
Morgantown, W.Va., Oct. 27 – Hon Hai Precision Industry Co., Ltd. announced it priced NT$3 billion of bonds in three tranches.
The bonds were priced at par with maturities of two, three and five years. The breakdown of the tranches was not disclosed.
The two-year bonds have a coupon of 0.68%; the three-year bonds have a coupon of ¾%; and the five-year bonds have a coupon of 0.83%.
This is the company’s third corporate bond issue for 2016.
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, 2016 third tranche
|
| Amount: | NT$3 billion
|
| Announcement date: | Oct. 27
|
|
|
| Two-year bonds
|
| Maturity: | Two years
|
| Coupon: | 0.68%
|
| Price: | Par
|
| Yield: | 0.68%
|
|
|
| Three-year bonds
|
| Maturity: | Three years
|
| Coupon: | ¾%
|
| Price: | Par
|
| Yield: | ¾%
|
|
|
| Five-year bonds
|
| Maturity: | Five years
|
| Coupon: | 0.83%
|
| Price: | Par
|
| Yield: | 0.83%
|
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