Hyundai Motor rides dramatic rebound with $500 million bond

Several hundred million dollars worth of orders fall away as guidance tightens, but the bonds perform in secondary.

Hyundai Motor rides dramatic rebound with $500 million bond

South Korean carmaker Hyundai Motor returned to the dollar market with a $500 million five-and-a-half year bond. The deal captured a strong rebound in equity markets after six central banks, led by the US Fed, cut the cost of dollar swap lines on Wednesday to reduce borrowing costs and avert a liquidity crisis.

In Asia, stocks were further buoyed by the People’s Bank of China’s decision to cut its reserve requirement ratio for large banks...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...