Hyundai Motors mandates new bond as Kexim roadshows

The fourth quarter pipeline continues to slowly unfold as Hyundai Motors mandates a second bond and Kexim launches roadshows.

Hyundai Motors HMC appears likely to launch its second international bond deal in as many months after mandating Citigroup and UBS for a $400 million issue. Non syndicate bankers believe the deal is likely to surface in late November and proceeds will fund a new car plant in Alabama, which requires financing of roughly $940 million over the next two years.

During roadshows for a previous $400 million issue in early September, HMC officials outlined the company's intention to raise more funds for the plant, so the quick return to the market is unlikely to faze many investors. What is more surprising is the omission of the company's old house bank, Credit Suisse...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222