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Guarantee of Debt Payment

24th Sep 2010 07:00

RNS Number : 2386T
Hyundai Motor Company
23 September 2010
 



HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

 

Disclosure date : September 20, 2010

Disclosure title : Guarantee of Debt Payment

 

1. Debtor : HCA (Hyundai Capital America)

- Relationship to the Company : overseas subsidiary

 

2. Creditor : Citicorp International Limited

 

3. Debt Amount : KRW 581,550 million

 

4. Details of Guarantee

 

Guarantee Amount

KRW 581,550 million

Shareholder's Equity

KRW 22,029,023 million

Guarantee / Equity

2.6%

Duration of Guarantee

September 20, 2010 ~ March 20, 2016

 

5. Total outstanding debt guarantee by HMC : KRW 5,954,548 million

 

6. BOD Decision :

 

Date of Decision

Number of External Directors Present at the BOD Meeting

Auditor Participation

September 20, 2010

4 of 4

Yes

 

7. Notes

A. This guarantee is for the overseas bond issuance by HCA.

B. The above "Guarantee Amount" is based on exchange rate for September 20, 2010.

(1 USD : KRW 1,163.1)

C. The above "Duration of Guarantee" based on BOD decision date. Actual duration will be 5.5 years from the issuance date.

D. The above "Total outstanding debt guarantee by HMC" and below "Outstanding debt guarantee by

debtor" include the current disclosure amount of KRW 581,550 million. Exchange rate for September 20,

2010 has been applied to express the guarantee amount in KRW.

 

Outstanding debt guarantee by debtor

Debtor

Relationship to

Company

Guarantee Amount (KRW million)

Duration of

Guarantee

Hyundai Merchant

Marine

Other

192,564

00.03.31 ~ 20.03.31

Hyundai Capital

Affiliate

656,859

09.01.13 ~ 12.01.13

Hyundai Card

Affiliate

95,374

10.08.04 ~ 13.08.04

HMA

Overseas Subsidiary

255,882

09.12.18 ~ 11.06.11

HMMA

609,464

05.04.25 ~ 15.04.24

HCA

809,559

01.08.24 ~ 12.10.28

HCA

581,550

10.09.20 ~ 16.03.20

SMART

139,572

08.08.01 ~ 11.07.31

HMI

290,775

06.12.27 ~ 14.10.04

HME

88,113

09.04.07 ~ 24.04.06

HMETC

75,872

08.06.12 ~ 11.09.17

HMMC

1,183,495

09.08.21 ~ 15.04.15

HMMR

410,316

09.10.08 ~ 16.11.04

HT

89,559

08.02.22 ~ 11.06.03

HMP

15,174

09.06.30 ~ 12.06.30

HMUK

36,393

10.08.12 ~ 11.08.11

HMCIS

122,896

09.11.16 ~ 11.07.19

HMCI

113,808

10.04.29 ~ 11.06.11

HMES

121,395

09.11.25 ~ 10.11.27

HATCI

23,262

10.09.18 ~ 11.09.17

HMJ

27,137

10.02.26 ~ 11.02.28

HMJ R&D

7,463

10.06.22 ~ 11.06.22

Beijing Jingxian

Motor Safeguard

8,066

09.09.04 ~ 11.06.18

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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