Paul Hastings Advised on Hyundai Capital Services Inc.’s Issuance of US$500 Million Senior Bonds

February 05, 2025

Paul Hastings LLP acted as the sole international counsel to joint lead managers in connection with Hyundai Capital Services Inc.’s issuance of US$500 million 5.250% Senior Bonds due 2028 under its US$10 billion Global Medium Term Note Program. The transaction closed on January 22, 2025. The offering was conducted in reliance on Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended, and the notes were listed on Singapore Exchange Securities Trading Limited.

ING Bank N.V., Singapore Branch, Merrill Lynch International, Mizuho Securities Asia Limited, SMBC Nikko Securities (Hong Kong) Limited and Société Générale acted as the joint lead managers.

Paul Hastings also assisted Hyundai Capital Services Inc. and dealers with the update of its US$10 billion Global Medium Term Note Program, which was completed on January 8, 2025.

Hyundai Capital Services is a leading provider of consumer financial services ranging from automotive financing, automotive leasing and personal loans. It is a member company of the Hyundai Motor Group and operates as the primary auto financing arm of Hyundai Motor Company and Kia Corporation.

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

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