Hon Hai to issue US$700 million bonds at negative rate focustaiwan.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from focustaiwan.tw Daily Mail and Mail on Sunday newspapers.
The wholly-owned subsidiary of Temasek has priced a US$750 million (S$1.02 billion) 10-year bond at 1.625 per cent, a US$750 million 20-year bond at 2.375 per cent and a US$1 billion 40-year bond at 2.75 per cent.
The group saw strong support for the bonds from high-quality institutional, accredited and/or other specified investors globally, Temasek said in a bourse filing on Tuesday (July 27).
Deal statistics seen by The Business Times showed that the final order book reached about US$3.75 billion from 185 accounts.
The bonds are the 22nd, 23rd and 24th bonds issued under TFin-I s US$25 billion guaranteed global medium-term note programme.
The 10-year bond was priced at a spread of 40 basis points (bps) over the 10-year benchmark US Treasuries. Due August 2, 2031, the bond was issued at 99.423 per cent giving a yield-to-maturity of 1.688 per cent per annum.