S.Korea Kia to issue $211 mln domestic bond

Newswire

SEOUL, Aug 17 (Reuters) - Kia Motors Corp. , South Korea's No. 2 auto maker, plans to sell 200 billion won ($211.4 million) in domestic bonds, South Korea's brokerage association said on Friday. Kia, an affiliate of Hyundai Motor Co. will issue the bond on Aug. 24, the Korea Securities Dealers Association said in a statement. In June Kia put on hold its plan to offer a five-year dollar bond as subprime concerns started to flow into international markets. ($1=945.9 Won)

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