Hon Hai Unveils $700M Convertible Bond Offering

Hon Hai Precision Industry (HNHPF) has released an update.

Hon Hai Precision Industry Co., Ltd. has announced the pricing of its $700 million unsecured overseas convertible bonds, slated to mature in 2029 and trade on the Singapore Stock Exchange. The bonds, issued at par value with a 0% coupon interest rate, can be converted into common shares, offering a potential 0.54% dilution effect on existing shareholders. Proceeds from this issuance will be used to purchase raw materials overseas, aiming to save on interest expenses.

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