By Cristal Cody
Chicago, Jan. 30 – Hyundai Capital Services, Inc. priced $1 billion of notes in two parts on Monday, according to a market source.
Both notes have a 5 1/8% coupon. The tenors of the notes are three years and five years.
Talk on the three-year tranche started in the 145 basis points area, with pricing coming at Treasuries plus 110 bps.
For the five-year notes, talk started in the 155 bps area and pricing came at Treasuries plus 120 bps.
BNP Paribas, Citigroup, Mizuho, MUFG and Societe Generale were the bookrunners.
Hyundai Capital is a Seoul-based firm that manages financial services for Hyundai Kia Automotive Group.
| Issuer: | Hyundai Capital Services, Inc.
|
| Amount: | $1 billion
|
| Issue: | Notes
|
| Bookrunners: | BNP Paribas, Citigroup, Mizuho, MUFG and Societe Generale
|
| Trade date: | Jan. 29
|
|
|
| Three-year notes
|
| Amount: | $500 million
|
| Maturity: | Feb. 5, 2027
|
| Coupon: | 5 1/8%
|
| Spread: | Treasuries plus 110 bps
|
| Price talk: | Treasuries plus 145 bps area
|
|
|
| Five-year notes
|
| Amount: | $500 million
|
| Maturity: | Feb. 5, 2029
|
| Coupon: | 5 1/8%
|
| Spread: | Treasuries plus 120 bps
|
| Price talk: | Treasuries plus 155 bps area
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
