Korea's Hynix Semiconductor to start roadshow Friday for $500 million 10-year notes

By Paul A. Harris

St. Louis, June 12 - Hynix Semiconductor will start a roadshow on Friday in Hong Kong and Los Angeles for an offering of senior unsecured notes (Ba3/BB-/BB), according to an informed source.

The roadshow continues Monday in Singapore and Boston and on Tuesday in London and New York.

Citigroup, Credit Suisse, Goldman Sachs & Co., Korea Development Bank and Merrill Lynch & Co. are joint bookrunners for the Rule 144A and Regulation S note offering.

The expected size is $500 million, and the notes are expected to come with a maturity of 10 years, according to market sources.

Proceeds will be used to redeem $500 million or the company's 9 7/8% senior notes due 2012.

Hynix Semiconductor has headquarters in Kyongki-do, South Korea.

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