Crédit Agricole CIB acted as Joint Bookrunner & Sole Sustainability Agent on Hyundai Capital America’s Inaugural Green Bond

Green finance

Crédit Agricole CIB assisted Hyundai Capital America on preparing its Green Finance Framework and inaugural Green Bond issuance.

Crédit Agricole CIB assisted Hyundai Capital America on preparing its Green Finance Framework and inaugural Green Bond issuance, a $750mm 2-year senior unsecured note as part of a $3bn multi-tranche offering. The transaction is intended to support Hyundai Capital America’s zero-emission* vehicle expansion and actively contribute to Hyundai Motor Group’s commitment to be carbon neutral across operations by 2045.

The Green Bond issuance provides for an amount equal to the net proceeds to be allocated to certain eligible green projects, including: 

  • Loans and other financial services for customers and dealers for purchasing, leasing and trading-in the following types of zero-emission vehicles:
    • Battery Electric Vehicles (BEV)
    • Fuel Cell Electric Vehicles (FCEV) running on low-carbon fuels such as hydrogen
    • Other future vehicles with zero tailpipe emissions
  • Financing and operation of programs that increase consumer access to zero-emission vehicles listed above, such as Hyundai Evolve+
  • Financing of projects related to the installation of vehicle charging infrastructure

“Crédit Agricole CIB was proud and honored to have partnered with Hyundai Capital America on its inaugural Green Bond offering as a Joint Bookrunner and Sole Sustainability Agent on its Green Finance Framework. The strong price tension we achieved was a testament to the investor community’s support for HCA and Hyundai Motor Group’s vision for a sustainable future,” says Sherry Xu, Director, Debt Capital Markets at Crédit Agricole CIB. 

About Hyundai Capital America ("HCA")

Hyundai Capital America (“HCA”) is the oldest and largest automotive finance subsidiary of Hyundai Motor Group Will open in a new tab (“HMG”). Founded in 1989 and based in Irvine, CA, HCA is a top 10 U.S. auto finance company supporting Hyundai, Kia and Genesis vehicle sales in the United States through a full spectrum of financing solutions for vehicle customers and dealers. HCA is 80% owned by Hyundai Motor America (a subsidiary of Hyundai Motor Company “HMC”), and 20% owned by Kia America, Inc. (a subsidiary of Kia Corporation “KC”). 

*as defined in Hyundai Capital America’s Green Finance Framework

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