iPhone X buzz boosts rare Hon Hai CB

Taiwanese giant, Apple’s biggest supplier, sells $500 million worth of convertible bonds days after orders started for this year's hottest new smartphone.

More than seven years since its last deal, Hon Hai Precision Industry returned to the equity-linked market to raise $500 million from a five-year convertible bond sale on Monday. It was able to capitalise on its soaring share price on the back of massive interest in Apple’s new smartphone, series, the iPhone X.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media