Apple Supplier Hon Hai Mandates Banks for Debut Euro Bond Sale
Apple Supplier HonHai Mandates Banks for Debut Euro Bond Sale Hon Hai Precision Industry Co., Ltd., a major supplier for Apple Inc., has mandated banks to facilitate its debut euro bond sale. The company, also known as Foxconn, is set to hold investor calls this week as it prepares for the bond offering. The move comes as Hon Hai seeks to diversify its funding sources and potentially take advantage of favorable borrowing conditions in the European market. As a leading manufacturer of Apple products, including iPhones, the company's decision to tap the euro bond market is seen as a strategic move to bolster its financial flexibility. The details of the bond offering, including the size and timing, have not been disclosed. However, the successful completion of this debut euro bond sale would provide Hon Hai with additional resources to support its ongoing operations and future growth initiatives.
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