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Hyundai $400 million seven-year notes seen pricing Friday at 250 basis points spread
By Paul A. Harris
St. Louis, Nov. 20 - Price guidance emerged Thursday on Hyundai Motor Co.'s $400 million of seven-year guaranteed notes (Ba1): the Korean automaker expects to price the notes at a spread of 250 basis points over Treasuries, according to an informed source.
Citigroup and UBS Investment Bank are bookrunners on the Rule 144A/Regulation S offer.
Proceeds will be used to fund new plant construction in Alabama.
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