New Issue-Kia Motors sells $500 mln in notes

Newswire

June 7 (Reuters) - Kia Motors Corp on Tuesday sold $500 million of senior unsecured notes in the 144a private placement market, said IFR, a Thomson Reuters service.

Bank of America Merrill Lynch, Citi, Korea Development Bank and Morgan Stanley were the joint bookrunning managers for the sale. BORROWER: KIA MOTORS CORP AMT $500 MLN COUPON 3.625 PCT MATURITY 6/14/2016 TYPE SR NTS ISS PRICE 99.688 FIRST PAY 12/14/2011 MOODY'S Baa2 YIELD 3.694 PCT SETTLEMENT 6/14/2011 S&P ...

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