Hyundai Capital Services Inc. 3.50% AUD 3 June 2021 senior unsecured bond
Hyundai Capital Services Inc. (HCS) is a joint venture between Hyundai Motor Company (HMC) and General Electric Capital Corporation (GECC). It is a leading financial services company in Korea. GECC has however been selling down its stake, with HCS currently owned 79.8% by HMC and 20.2% by GECC.
The Issuer’s principal business areas are Automotive Finance, Automotive Leasing and Personal Loans. HCS derives significant benefits from its relationships with its principal shareholders. As the primary financing arm of HMC, the largest automotive manufacturer in Korea, and Kia Motors Corporation, the Issuer held the largest share of the Korean automotive financing and automotive lease markets based on sales volume for the year ended 31 December 2016.
Director - Credit Research, Industrials and Corporates. Will has over 15 years’ experience in credit and fixed income markets, including 6 in London, working at fund managers, banks and government treasury.