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Taiwan’s Hon Hai Precision OK’d to issue up to NT$45 billion bonds
By Mary-Katherine Stinson
Lexington, Ky., May 11 – Hon Hai Precision Industry Co., Ltd. said it plans to issue up to NT$45 billion of corporate bonds at par in one or more tranches.
The tranches may have the same or different tenors depending on market conditions.
The company’s board of directors approved the proposed issuance on Thursday.
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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