By Andrea Heisinger
New York, Sept. 29 - Hyundai Capital America sold $500 million of 3.75% guaranteed senior notes due 2016 on Wednesday at a spread of 250 basis points over Treasuries, a source close to the deal said.
The non-callable notes (Baa2/BBB-/) priced at 99.793 to yield 3.792%.
The notes are guaranteed by Hyundai Motor Co.
Barclays Capital Inc., Citigroup Global Markets, HSBC Securities and J.P. Morgan Securities were the bookrunners.
The U.S. funding arm of Korean car maker Hyundai is based in Irvine, Calif.
| Issuer: | Hyundai Capital America
|
| Guarantor: | Hyundai Motor Co.
|
| Issue: | Senior notes
|
| Amount: | $500 million
|
| Maturity: | April 6, 2016
|
| Bookrunners: | Barclays Capital Inc., Citigroup Global Markets, HSBC Securities, J.P. Morgan Securities
|
| Coupon: | 3.75%
|
| Price: | 99.793
|
| Yield: | 3.792%
|
| Spread: | Treasuries plus 250 bps
|
| Call: | Non-callable
|
| Trade date: | Sept. 29
|
| Settlement date: | Oct. 6
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB-
|
© 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.
