Hyundai Motor completes exchangeable

The Korean auto manufacturer has sought to divest itself of a 13.1% stake in affiliate Kia Motor.
May 31, 2001

The unusual triple-A backed exchangeable was priced after London's close on Thursday towards the outer end of its indicative range. Led by Credit Suisse First Boston, the 2.2 year deal carries a coupon of 3% and an exchange premium of 16% to Kia Motor's W10,150 close.

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