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 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 a $3.85 billion acquisition of Japanese display manufacturer Sharp, which received approval from China’s antitrust authorities in mid-August.

Founder, Terry Guo, hopes Sharp’s OLED original light emitting diode technology will enable Hon...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222