By Marisa Wong
Morgantown, W.Va., Sept. 13 – Foxconn (Far East) Ltd., a subsidiary of Hon Hai Precision Industry Co., Ltd., priced ¥50 billion of notes under its medium-term note program, according to a Taiwan Stock Exchange notice.
The company priced ¥41.5 billion of three-year notes with a fixed coupon of 0.42%, ¥6 billion of five-year notes with a fixed coupon of 0.52% and ¥2.5 billion of seven-year notes with a fixed coupon of 0.7%.
Foxconn and 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 notes
|
| Amount: | ¥50 billion
|
| Announcement date: | Sept. 13
|
|
|
| Three-year notes
|
| Amount: | ¥41.5 billion
|
| Maturity: | Three years
|
| Coupon: | 0.42%
|
|
|
| Five-year notes
|
| Amount: | ¥6 billion
|
| Maturity: | Five years
|
| Coupon: | 0.52%
|
|
|
| Seven-year notes
|
| Amount: | ¥2.5 billion
|
| Maturity: | Seven years
|
| Coupon: | 0.7%
|
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