SEOUL, Jan. 30 (Yonhap) — Hyundai Capital Services Inc., South Korea’s leading auto finance company, said Tuesday it has raised US$1 billion by selling global bonds.
Hyundai Capital sold $500 million worth of three-year debts in one tranche and $500 million worth of bonds in another tranche with a five-year maturity, the company said.
The coupon for the three-year bonds was set at 110 basis points above the three-year U.S. Treasurys, while that of the five-year debts was set at 120 basis points above the five-year U.S. government bonds, it said.
A photo provided by Hyundai Capital Services Inc. of its headquarters in Seoul (PHOTO NOT FOR SALE) (Yonhap)
nyway@yna.co.kr
(END)
