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Hyundai Motor – ECA-backed financing

26 March 2010

KEIC drives with care for Hyundai Motor

MLAs: ING; Société Générale; Natixis; LBBW
Borrower: Hyundai Motor Manufacturing Rus
Amount: e180 million
Tenor: 7-years – door-to-door
ECAs: Korea Export Insurance Corp (KEIC)
Corporates: Hyundai Motor Company, Hyundai Motor Manufacturing Rus

Funding developments in the automotive sector in the emerging markets through 2009 was not for the feint hearted. But in this transaction ING, Natixis and Société Générale, backed by the Korea Export Insurance Corporation (KEIC), came together to arrange financing for Hyundai Motor Company’s investment for a Russian car plant. The resultant financing was the first KEIC-covered transaction for Hyundai Motor’s...


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