Hyundai Capital provides financing for Korea's biggest carmaker
Hyundai Capital Services, the financing arm of Korea’s biggest auto maker, sold $500 million of five-and-a-half-year bonds yesterday. The issue was priced late in the New York trading day and met strong demand from funds across Asia, Europe and the US.
The primary market for Asian credits remains buoyant despite concerns ahead of Thursday’s vote by private bondholders on Greece’s proposed debt reduction.
According to Morgan Stanley research, there has been...