Hyundai Motor beats price talk with $500m bond

11 Apr 2010

Hyundai Motor raised $500m in the dollar bond market on Monday, achieving tight pricing for a long-awaited deal that looks set to mark the beginning of a hectic week in Asian credit markets.

Barclays Capital, Citi, Goldman Sachs, Merrill Lynch and Nomura priced the five year deal at a spread of 197.5bp over Treasuries, at the tight end of final guidance set between 197.5bp and 212.5bp at the end of Hong Kong trading yesterday. The leads had originally announced guidance of ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial