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Prospect News home > News index > List of issuers H > Headlines for Hyundai Motor Co. > News item
Published on 11/21/2003 in the Prospect News High Yield Daily.

Hyundai postpones $400 million note sale indefinitely, cites market conditions

By Paul A. Harris

St. Louis, Nov. 21 - Hyundai Motor Co. cited "market conditions," on Friday, as it postponed indefinitely its sale of $400 million seven-year notes (Ba1), according to market sources.

Citigroup and UBS Investment Bank had been joint bookrunners for the Rule 144A/Regulation S deal.

Proceeds had been slated to fund new plant construction in Alabama.


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