UPDATE 1-Kia to issue $211 mln local bond

Newswire

(Adds quotes, details, backgrounds, shares) 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, the latest emerging market issuer scared off a foreign offering by global credit fears. Kia, an affiliate of Hyundai Motor Co. , will sell the bond, which carries interest rates of 42 basis points above the yield of three-year South Korea treasury bonds, on Aug. 24, the Korea Securities Dealers ...

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