Hyundai Electronics to brave international debt markets

US dollar investors are to be presented with a rare opportunity to participate in a high yield debt offering from corporate Korea.
October 10, 2000
International debt issuance from Korea has historically been dominated by public sector issuers in the long term fixed rate market and banks in the short term Asian FRN market. Corporate borrowers have been a rarity in either and have, for the most part, been content to let the Republic's banking community satisfy their foreign currency borrowing for them. Thus, while engineering and electronics companies account for 24% of market capitalisation on the Korean Stock Exchange, they account for only 2% of international debt issuance from the Republic.

Hyundai Electronics Industries HEI, the world's largest volume DRAM manufacturer is hoping to raise $500 million in 10-year debt by...

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