Published on 1/19/2007 in the Prospect News Emerging Markets Daily.
New Issue: Korea's Hyundai Capital Services prices $400 million 5 5/8% five-year notes at mid-swaps plus 58 bps
By Paul A. Harris
St. Louis, Jan. 19 - Hyundai Capital Services, the financial services unit of South Korea's Hyundai Kia Automotive Group, priced a $400 million issue of 5 5/8% five-year senior notes (Baa2/BBB) at a 58 basis point spread to mid-swaps on Thursday, according to an informed source.
Barclays Capital, Deutsche Bank Securities, Citigroup, JP Morgan and UBS were the lead managers for the Regulation S issue.
| Issuer: | Hyundai Capital Services
|
| Amount: | $400 million
|
| Maturity: | Jan. 24, 2012
|
| Security description: | Senior notes
|
| Underwriters: | Barclays Capital, Deutsche Bank Securities, Citigroup, JP Morgan, UBS
|
| Coupon: | 5 5/8%
|
| Spread to mid-swaps: | 58 bps
|
| Spread to Treasuries: | 99.6 bps
|
| Dollar price: | 99.335
|
| Trade date: | Jan. 18
|
| Settlement date: | Jan. 24
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB
|
| Distribution: | Regulation S
|
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