Apple Buys Hyundai Bonds as Investor Pool Widens: Korea Markets
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Hyundai Motor Co.’s financing arm said Apple Inc. and Oracle Corp. were among U.S. companies lured to its debt during South Korea’s busiest first quarter of international bond sales in two years.
The nation’s overseas note sales climbed 58 percent this year as demand was lifted by investment-grade yields 52 basis points above developed markets, a recovering economy and well-known consumer brands. Hyundai Capital Services Inc. and Hyundai Capital America, a U.S.-based unit of Hyundai Motor, raised a combined $2 billion in the quarter, drawing purchases from companies including the maker of the iPod.