Taiwan’s Hon Hai Precision eyes up to NT$27 billion corporate bonds

By Marisa Wong

Morgantown, W.Va., May 11 – Hon Hai Precision Industry Co., Ltd. said it plans to issue up to NT$27 billion of corporate bonds at par in one or more tranches.

The company’s board of directors approved the proposed issuance on Friday.

Proceeds will be used to repay debt and for working capital.

Hon Hai Precision is a Tu-cheng, Taiwan, manufacturer of computer connectors, cable assemblies and enclosures.

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