New Issue-Hyundai unit sells $750 mln car loan ABS

Newswire

NEW YORK, Aug 26 (Reuters) - Hyundai Motor Finance Co. priced on Thursday $750 million in asset-backed securities supported by loans on new and old cars and light trucks it made, sources close to the deal said. Hyundai Motor Finance is a unit of Hyundai Motor Co. Ltd. . The Korean carmaker is the world's eighth largest carmaker. ABN AMRO and Banc of America Securities LLC were the deal's joint lead underwriters. Barclays Capital, Deutsche Bank Securities and SG Corporate & Investment ...

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