New Issue - Hyundai unit prices $774 mln auto ABS

Newswire

NEW YORK, June 29 (Reuters) - Hyundai Motor Finance Co. priced $774 million in asset-backed securities supported by car loans it made, a source close to the deal said on Wednesday. Hyundai Motor Finance is a unit of South Korean carmaker Hyundai Motor Co. . Deutsche Bank Securities and SG Corporate and Investment Banking jointly headed the deal's underwriting group. Barclays Capital, J.P. Morgan Securities and Wachovia Securities were the co-mangers of the deal's senior tranches, the ...

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