Kia Motors $700 million bond issue

Overview:

• Kia Motors Corporation has issued $700 million in bonds under Rule 144A/Reg S.
• The offering entails $400 million 2.625% notes due 2021 and $300 million 3.25% notes due 2026.
• Citigroup Global Markets, HSBC, JPMorgan Securities, Merrill Lynch International and Nomura International were the joint bookrunners for the offering.
• Kia Motors Corporation—alongside Hyundai Motor Company and its combined subsidiaries—was ranked fifth in global vehicle sales in 2015.
• Simpson Thacher & Bartlett (Jin Hyuk Park, John Hahn, Yuri Bak, Jonathan Cantor, Taylor Alexander) acted as sole international counsel in the bond issuance. 

Adam Majeed - Editor - Asia-Pacific