By Mary-Katherine Stinson
Lexington, Ky., April 24 – Hon Hai Precision Industry Co., Ltd. priced a combined NT$8 billion of bonds in four tranches, according to a notice.
The issuer sold NT$1.15 billion of three-year series A bonds (P13 Hon Hai 2A) at par to yield 1.7%.
Hon Hai also priced NT$4.95 billion of five-year series B bonds (P13 Hon Hai 2B ) at par to yield 1.8%.
In addition, the company priced NT$300 million of seven-year series C bonds (P13 Hon Hai 2C) at par to yield 1.84%.
Finally, Hon Hai sold NT$1.6 billion of 10-year series D bonds (P13 Hon Hai 2D) at par to yield 1.9%.
Hon Hai Precision is a Tu-cheng, Taiwan, manufacturer of computer connectors, cable assemblies and enclosures.
| Issuer: | Hon Hai Precision Industry Co., Ltd.
|
| Amount: | NT$8 billion
|
| Issue: | Corporate bonds, 2024 second issue
|
| Announcement date: | April 24
|
| Settlement date: | April 25
|
|
|
| Series A bonds
|
| Amount: | NT$1.15 billion
|
| Maturity: | April 25, 2027
|
| Coupon: | 1.7%
|
| Price: | Par
|
| Yield: | 1.7%
|
|
|
| Series B bonds
|
| Amount: | NT$4.95 billion
|
| Maturity: | April 25, 2029
|
| Coupon: | 1.8%
|
| Price: | Par
|
| Yield: | 1.8%
|
|
|
| Series C bonds
|
| Amount: | NT$300 million
|
| Maturity: | April 25, 2031
|
| Coupon: | 1.84%
|
| Price: | Par
|
| Yield: | 1.84%
|
|
|
| Series D bonds
|
| Amount: | NT$1.6 billion
|
| Maturity: | April 25, 2034
|
| Coupon: | 1.9%
|
| Price: | Par
|
| Yield: | 1.9%
|
|
|
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