Hyundai Motor Manufacturing Alabama $300 million five-year notes talked at 215 basis points spread

By Paul A. Harris

St. Louis, Dec. 15 - Hyundai Motor Manufacturing Alabama's proposed $300 million offering of five-year senior unsecured notes (Ba1/BB+) is talked to yield in the area of 215 basis points over Treasuries, a source said.

The non-callable deal, which matures in 2008, is expected to price Tuesday off of the emerging markets desk.

Goldman Sachs & Co. is the bookrunner on the Rule 144A/Regulation S (with no registration rights) offering.

The Korean auto maker plans to use proceeds to fund plant construction in Alabama.

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