New Issue: Hyundai Motor unit sells $500 million 4% notes due 2017 to yield 4.092%

By Christine Van Dusen

Atlanta, Dec. 1 - Hyundai Capital America priced a $500 million issue of 4% notes due June 18, 2017 (Baa2/BBB/) at 99.551 to yield 4.092%, or Treasuries plus 315 basis points, a market source said.

Bank of America Merrill Lynch, BNP Paribas, HSBC, JPMorgan and Morgan Stanley were the bookrunners for the Rule 144A and Regulation S deal.

The notes are guaranteed by Seoul, South Korea-based Hyundai Motor Co.

Issuer:	Hyundai Capital America
Guarantor:	Hyundai Motor Co.
Amount:	$500 million
Maturity:	June 18, 2017
Description:	Senior notes
Bookrunners:	Bank of America Merrill Lynch, BNP Paribas, HSBC, JPMorgan, Morgan Stanley
Coupon:	4%
Price:	99.551
Yield:	4.092%
Spread:	Treasuries plus 315 bps
Trade date:	Dec. 1
Settlement date:	Dec. 8
Ratings:	Moody's: Baa2
	Standard & Poor's: BBB
Distribution:	Rule 144A and Regulation S

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