Hyundai Steel’s debut bonds rally hard

Hyundai Steel prices a $500 million debut bond on Friday, offering investors a yield pick-up and the chance to diversify.

The Kia SL, made with Hyundai Steel (AFP)

Denise Wee

April 18, 2011

Hyundai Steel, Korea’s second-largest steel producer, priced a debut $500 million five-year bond at Treasuries plus 249bp early Friday morning.

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