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Kia Motors grosses $595.1 million from debt offering

Kia Motors Corp. raised gross proceeds of $595.1 million from an offering of 3% senior unsecured notes due April 25, 2023.

The company plans to use the proceeds for general corporate purposes or working capital and redemption or repayment of debt securities.

Bank of America Merrill Lynch International Ltd., BNP Paribas SA, Citigroup Inc., Credit Agricole Corporate and Investment Bank SA, HSBC Bank PLC and Nomura Holdings Inc. were the lead underwriters.