By Rebecca Melvin
Concord, N.H., May 6 – PT Hyundai Motor Manufacturing Indonesia has issued $300 million 1¾% notes due 2026 (Baa1/BBB+), according to a listing notice.
The notes are guaranteed by its parent, Hyundai Motor Co.
They will be listed on the Singapore Exchange on Friday.
BNP Paribas, Citigroup Global Markets Ltd. and HSBC are the lead managers and bookrunners of the Regulation S deal.
Proceeds are to be used mainly to build a manufacturing plant in Indonesia.
The automotive manufacturer is based in Seoul, South Korea.
| Issuer: | PT Hyundai Motor Manufacturing Indonesia
|
| Guarantor: | Hyundai Motor Co.
|
| Issue: | Guaranteed notes
|
| Amount: | $300 million
|
| Maturity: | May 6, 2026
|
| Description: | Senior notes
|
| Bookrunners: | BNP Paribas, Citigroup Global Markets Ltd. and HSBC
|
| Coupon: | 1¾%
|
| Listing date: | May 7
|
| Distribution: | Regulation S
|
| Ratings: | Moody’s: Baa1
|
| Standard & Poor's: BBB+
|
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