Hyundai prints A$400 million in a new dual-tranche Kangaroo

Hyundai Capital Services (Hyundai) (A-/Baa1/BBB+) priced a five-year benchmark Kangaroo bond on 24 March. According to lead managers – ANZ, National Australia Bank, UBS and Westpac Institutional Bank – the deal was marketed in the context of 130-135 basis points over semi-quarterly swap and bank bill swap rate.