Hyundai Motors mandates new bond as Kexim roadshows

The fourth quarter pipeline continues to slowly unfold as Hyundai Motors mandates a second bond and Kexim launches roadshows.

Hyundai Motors HMC appears likely to launch its second international bond deal in as many months after mandating Citigroup and UBS for a $400 million issue. Non syndicate bankers believe the deal is likely to surface in late November and proceeds will fund a new car plant in Alabama, which requires financing of roughly $940 million over the next two years.

During roadshows for a previous $400 million issue in early September, HMC officials outlined the company's intention...

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