Foxconn Cancels Convertible Bond Sale Amid European Crisis
This article is for subscribers only.
Foxconn Technology Co., a maker of metal casings for Apple Inc., canceled a plan to sell as much as NT$8 billion ($271 million) in convertible bonds, citing the effect of Europe’s debt crisis on credit markets.
The application to the financial regulator to sell the securities was withdrawn, the Taipei-based company said in an exchange filing today. The company’s operations and outlook remain strong, it said. Spokesmen C.K. Liu and Jack Huang didn’t answer calls to their office today.