Published on 3/7/2012 in the Prospect News Emerging Markets Daily.
New Issue: Hyundai Capital prices $500 million 3½% notes due 2017 at Treasuries plus 275 bps
By Aleesia Forni
Columbus, Ohio, March 7 - Hyundai Capital Services Inc. priced a $500 million issue of 3½% senior notes due 2017 (Baa2/BBB+/) at Treasuries plus 275 basis points on Tuesday, according to a market source.
The Regulation S notes priced at 99.629 to yield 3.575%.
Bank of America Merrill Lynch, BNP and JPMorgan were the bookrunners.
| Issuer: | Hyundai Capital Services Inc.
|
| Amount: | $500 million
|
| Maturity: | Sept. 13, 2017
|
| Securities: | Senior notes
|
| Bookrunners: | Bank of America Merrill Lynch, BNP, JPMorgan
|
| Coupon: | 3½%
|
| Price: | 99.629
|
| Yield: | 3.575%
|
| Spread: | Treasuries plus 275 bps
|
| Trade date: | March 6
|
| Settlement date: | March 13
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB+
|
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