Hyundai Motor delays bond issue due to card woes

Newswire

SEOUL, Nov 24 (Reuters) - Hyundai Motor Co , South Korea's top auto maker, said on Monday it had delayed $400 million bond offering as borrowing costs rose due to liquidity problems in the country's credit card industry. "The issuance was delayed because investors asked more premiums on the paper in relation to LG Card problems," said Jake Jang, a Hyundai Motor spokesman.

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