Hynix prices 10-year high-yield bond

The South Korean semiconductor manufacturer prices a $500 million deal at the tight end of revised guidance, attracting a $5.9 billion order book.

Pricing its Reg-S, 144a 10-year $500 million transaction at par last night, Hynix Semiconductor closed its deal with a coupon of 7.875%. The transaction attracted a total book size of $5.9 billion via boorunners Citi, Credit Suisse, Goldman Sachs, KDB and Merrill Lynch.

The bond, rated Ba2BB-BB by Moody's, Standard and PoorÆs and Fitch,
comes two years after Hynix's last international transaction managed by Deutsche Bank, Citi, Merrill Lynch and UBS. In 2005, Hynix priced a...

To continue reading, please login or register for free

Click for more on: citi | goldman sachs | kdb | credit suisse | merrill lynch

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 ...