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...
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