Korea's Hynix talks $500 million 10-year notes at 8 1/8% area

By Reshmi Basu

New York, June 18 - Hynix Semiconductor set price guidance for a $500 million offering of 10-year senior unsecured notes (Ba3/BB-/BB) in the area of 8 1/8%, according to a market source.

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

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

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

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