Hyundai starts roadshow for $300 million five-year notes, pricing Friday

By Paul A. Harris

St. Louis, Sept. 2 - Hyundai Motor Co.'s Equus Cayman Finance Ltd. subsidiary started the roadshow Tuesday for an offering of approximately $300 million of senior guaranteed notes due 2008 (Ba1/BB+), according to an informed source.

The deal is expected to price on Friday, the source added.

The issuer is a special purpose entity of Hyundai Motor Co., which will guarantee the notes.

Credit Suisse First Boston, JP Morgan and Morgan Stanley are underwriters of the Rule 144A offering.

Proceeds will be used to repurchase Kia Motors stock.

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