Foxconn (Hon Hai Precision Industry) will issue unsecured corporate bonds worth up to NT$12 billion (US$407 million) and raise additional pain-in capital through issuing up to one billion new shares for participation in a GDR (Global Depositary Receipt) issue, according to the company.

The issuance of new shares for the GDRs will be subject to shareholder approval at the 2011 general meeting on June 8, the company said.