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TAIPEI - Hon Hai Precision Industry Co., Ltd., better known as Foxconn, announced Thursday that its board of directors has approved the issuance of up to $1.2 billion in unsecured overseas convertible bonds.
The Taiwan-based electronics manufacturing giant said the "2025 First Unsecured Overseas Zero Coupon Convertible Bonds" will have a tentative coupon rate of 0% to 1% per annum and a maturity period of up to five years from the issue date.
According to the company’s statement, the bonds will be offered in denominations of $200,000 with additional increments of $100,000. The issue price is tentatively set at 100% of par value.
Hon Hai indicated that proceeds from the bond issuance will be used for procurement of overseas materials. The bonds will be offered outside the Republic of China (Taiwan) in compliance with applicable selling restrictions in relevant jurisdictions.
The company has authorized designated persons to determine specific terms of the bonds, including the actual issue amount, issue date, conversion premium, and other conditions based on market conditions at the time of issuance.
The announcement noted that the underwriter, trustees, and payment agent for the bonds have yet to be determined.
This information was disclosed in a regulatory filing based on a board resolution dated August 14, 2025.
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