Korea’s Hyundai Capital Services sets talk for five-year notes in 130 bps area over Treasuries

By Christine Van Dusen

Atlanta, March 23 – Korea’s Hyundai Capital Services Inc. set talk in the Treasuries plus 130 basis points area for a dollar-denominated offering of benchmark-sized notes due in 5˝ years (expected ratings: Baa1/A-/), a market source said.

ANZ, BofA Merrill Lynch, Citigroup and Deutsche Bank are the bookrunners for the Rule 144A and Regulation S deal, which is expected to price on Monday.

Hyundai Capital is a Seoul-based firm that manages financial services for Hyundai Kia Automotive Group.

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