Hyundai Capital Issues 500 Million Euro-Denominated Public Bonds: "Industry First"

To Be Used for Hyundai Motor New Car Installment Financing Marketing and More

Hyundai Capital announced on January 14 that it has successfully issued euro-denominated public bonds worth 500 million euros (approximately 859.5 billion won).

Hyundai Capital building, Jung-gu, Seoul. Hyundai Capital

The bonds were issued as a single tranche with a three-year maturity. The coupon rate was set at the three-year euro mid-swap rate plus 52 basis points (1bp = 0.01 percentage points).

Total orders reached 3.8 billion euros, which is 7.6 times the planned issuance amount.

All proceeds will be used for automotive finance marketing, such as new car installment financing for Hyundai Motor Group, as well as for general operating funds.

The joint bookrunners for the transaction were Bank of America Securities, Cr?dit Agricole CIB, HSBC, ING, and Mitsubishi UFJ Financial Group.

Lee Youngseok, Chief Financial Officer (CFO) of Hyundai Capital, stated, "This issuance marks an important turning point by expanding our global investor pool from primarily U.S. investors to include euro-denominated investors. Hyundai Capital will continue to diversify its funding currencies in the global capital market and establish a stable funding structure to further strengthen management stability and competitiveness."