Taiwan's Hon Hai nets $1bn through dual-trancher

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By Addison Gong
15 Sep 2016

Hon Hai Precision Industry sealed $1bn from a dual-tranche offering, seizing what is thought to be the last good window before the Fed’s decision on a September rate hike.

Initial price thoughts were released in the 130bp over US Treasuries area for the five year portion, and the 160bp over area for the 10 year on Wednesday morning Asia time.

Joint bookrunners and joint lead managers Bank of China (Hong Kong), Citi, Goldman Sachs and HSBC then ...

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