Kia Motors Corporation has issued $700 million in bonds under Rule 144A/Reg S.
The offering entails $400 million 2.625% notes due 2021 and $300 million 3.25% notes due 2026.
Citigroup Global Markets, HSBC, JPMorgan Securities, Merrill Lynch International and Nomura International were the joint bookrunners for the offering.
Kia Motors Corporation—alongside Hyundai Motor Company and its combined subsidiaries—was ranked fifth in global vehicle sales in 2015.
Simpson Thacher & Bartlett (Jin Hyuk Park, John Hahn, Yuri Bak, Jonathan Cantor, Taylor Alexander) acted as sole international counsel in the bond issuance.