iPhone X buzz boosts rare Hon Hai CB

Taiwanese giant, Apple’s biggest supplier, sells $500 million worth of convertible bonds days after orders started for this year's hottest new smartphone.

iPhone X buzz boosts rare Hon Hai CB

More than seven years since its last deal, Hon Hai Precision Industry returned to the equity-linked market to raise $500 million from a five-year convertible bond sale on Monday. It was able to capitalise on its soaring share price on the back of massive interest in Apple’s new smartphone, series, the iPhone X.

The Taiwanese electronics manufacturer better known internationally as the biggest assembler of Apple’s smartphones tapped the equity-linked market one working day...

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