hyundai capital

Pockets of demand still exist within Asia, but some borrowers are ignoring the region in favour of the US bond market.

With swaps in their favour, more foreign borrowers could be encouraged to tap the market, though dim sum bonds are showing signs of stress following a possible breach of covenants by Global Bio-chem.

Submissions for KNOC's bond are due this week. Samsung Electronics, Hyundai Motors and Hyundai Capital are also eyeing dollar bonds.

Hongkong Electric returns with a quick $250 million tap on its December 2020 bonds, while Texhong Textile prices a debut $200 million bond. Hyundai Capital and West China Cement line up.

The wreckage of Korea’s credit card crisis in 2003 left Hyundai Capital with few competitors in the card business, thanks to the company’s strong risk management.

Tata Steel prices the largest single-issue deal for a corporate borrower in India, while Hyundai revives its ringgit deal.

Industrial Bank of Korea upsizes its M$400 million deal to an unexpected M$1 billion. Meanwhile, Kospo begins a roadshow for its dollar bond and Hyundai Capital shelves its ringgit deal.

Hyundai Capital slips its yen-denominated bond past investors just prior to the global equity rout on Friday. The deal is the first Samurai arranged by UBS.

Korea's leading auto-financing company attracts massive interest in its bond, benefiting from an improvement in investor perception.