Foxconn Electronics (Hon Hai Precision Industry), on September 8, decided to issue corporate bonds worth NT$6 billion (US$206.11 million). This will be the fourth time in 2011 that Foxconn issues corporate bonds with the accumulated amount already reaching NT$24 billion.

Commenting about its corporate bonds, Foxconn pointed out that the purpose for issuing the new bonds is to pay back some of its old debt as well as adjusting its debt period structure; however, market watchers pointed out that Foxconn has new investment plans worldwide, while some investments in emerging industries are still proceeding; therefore expanding its operating funds is one of the reasons for the bonds.

Source:digitimes