Hyundai Capital Issues Dual-Tranche Bonds Totaling US$700 Million

Seoul – Paul Hastings LLP, a leading global law firm, announced today that the firm has represented joint lead managers in connection with a dual-tranche issuance by Hyundai Capital Services, Inc. of US$400 million 2.125% Senior Bonds due April 2025 and US$300 million 2.5% Senior Green Bonds due 2027 under the US$10 billion Global Medium Term Note Program. The offering was conducted in reliance on Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended.

BNP Paribas, Crédit Agricole, J.P. Morgan Securities, MUFG Securities Asia, and SMBC Niko Securities (Hong Kong) acted as the joint bookrunners and joint lead managers.

In addition, Paul Hastings has also advised Hyundai Capital Services on its update of US$10 billion Global Medium Term Note Program. J.P. Morgan Securities acted as the arranger. BNP Paribas, Citigroup Global Markets, Crédit Agricole, HSBC, J.P. Morgan Securities, Merrill Lynch International, Société Générale, Standard Chartered Bank, and UBS AG Hong Kong Branch acted as the dealers.

Over the past year, Paul Hastings has acted for several major capital markets transactions, including Hyundai Capital Services, Inc.’s issuance of US$108 million notes, Hanwha Solutions Corporation’s debut issuance of US$153 million billion Green Bonds, and Hana Bank’s issuance of US$600 million Senior Secured Sustainability Notes.

The Paul Hastings team was led by corporate partner Iksoo Kim, with support from associate Sye Myung Kim.

Dedicated to helping the world’s leading Wall Street and global investment banks, asset managers and corporations achieve their business and legal goals, Paul Hastings is a premier global finance law firm with elite teams in finance, mergers and acquisitions, private equity and litigation.