Hyundai Motors mandates new bond as Kexim roadshows

Hyundai Motors (HMC) appears likely to launch its second international bond deal in as many months after mandating Citigroup and UBS for a $400 million issue. Non syndicate bankers believe the deal is likely to surface in late November and proceeds will fund a new car plant in Alabama, which requires financing of roughly $940 million over the next two years.