Hyundai Capital raises £300m in debut UK auto ABS

By Joseph McDevitt
29 Jan 2014

Hyundai Capital UK, the auto finance provider for Hyundai and Kia dealers in the UK, has privately placed a debut securitization of UK auto loans.

The £300m of bonds were sold through lead manager Royal Bank of Scotland. The unrated securities have a 3.3 year maturity and were priced at 40bp over one month Libor.

RBS declined to comment on the transaction when contacted. Craig Nunn, senior director at the UK bank, ...

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