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Sales of Corporate Bonds to an Affiliate

10 Oct 2011 07:00

RNS Number : 8555P
Hyundai Motor Company
10 October 2011
 



HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

 

Disclosure date : October 6, 2011

Disclosure title : Sales of Corporate Bonds to an Affiliate

 

1. Transaction Parry : HMC Investment Securities (an affiliate of HMC)

 

2. Date of Transaction : October 6, 2011

 

3. Transaction Amount : KRW 70 billion

 

4. YTD Transaction Amount : KRW 70 billion

 

5. Yield : 4.05%

 

6. Details of Bond

a) Issuer : Hyundai Motor Company

b) Type : 315th Unsecured Corporate Bond

c) Face value : KRW 300 billion

d) Face value / Capital Stock : 20.15%

e) Coupon : 4.05%

f) Issuance Date : October 6, 2011

g) Maturity Date : October 6, 2016

 

7. Purpose of Transaction : Conversion Issue

 

8. Date of board decision : September 26, 2011

* 5 of 5 external directors were present for the board decision. Audit committee member was also present.

 

9. Note

- HMC Investment Securities is underwriting KRW 70 billion out of total KRW 300 billion being issued as 315th Unsecured Corporate Bond.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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