Hon Hai brings rare Taiwanese dollar bond

The Taiwanese technology group taps the US dollar market after completing its $3.8 billion takeover of Japan's Sharp.

Hon Hai brings rare Taiwanese dollar bond

Hon Hai Precision Industry executed its first dollar bond in two years on Wednesday, raising $1 billion from a dual tranche offering that offered investors rare exposure to a corporate and tech credit.

G3 bond offerings from Taiwan tend to come but once a year and the last deal from the island nation was Formosa Plastics’ $1 billion 10-year deal in April 2015.

Hon Hai’s re-entry comes shortly after its completion of...

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