Hyundai Capital raises US$1 bln in global bond sale

▲ A photo provided by Hyundai Capital Services Inc. of its headquarters in Seoul (PHOTO NOT FOR SALE) (Yonhap)

Hyundai Capital-debt sale

Hyundai Capital raises US$1 bln in global bond sale

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.

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