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Hyundai hires banks to make bond offering.

Auto Business News-12 April 2010-Hyundai hires banks to make bond offering(C)2010 ENPublishing - http://www.enpublishing.co.uk

Auto Business News - 12 April 2010(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Hyundai Motor Company (Hyundai) (KSE: 005380), a South Korea-based automaker, has hired banks to make an offering of five years dollar bonds.

The company has hired banks such as Barclays Capital, BofA Merrill Lynch, Citigroup, Goldman Sachs and Nomura to handle the sale, which will 'be launched in the near future subject to market conditions.'

Standard & Poor said, 'The proceeds will be mostly used to refinance existing indebtedness of Hyundai Motor Manufacturing Czech sro.'

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Publication:Auto Business News (ABN)
Date:Apr 12, 2010
Words:130
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