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...
