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Korea's Hynix Semiconductor expected to sell $750 million bonds in May
By Paul A. Harris
St. Louis, April 28 - South Korea's Hynix Semiconductor Inc. is expected to make its debut in the dollar-denominated bond market with an approximately $750 million offering set to launch in early May, according to market sources.
Citigroup, Deutsche Bank Securities, UBS Investment Bank and Merrill Lynch & Co. are expected to emerge as the lead underwriters, the source added.
The notes will have a maturity of between five and 10 years, inclusive.
The semiconductor manufacturer has an issuer rating of B+ from Standard & Poor's.
Proceeds will be used to repay bank debt.
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