Posco bond strikes while the iron's hot

Korean steel manufacturer closes its dollar deal at the tight end of initial guidance.

ABN AMRO, HSBC and UBS closed AsiaƆs second high-grade deal in less than a week on Thursday August 3. Korean steel producer, Posco, priced a $300 million 10-year Reg-S senior-unsecured bond offering at the tight end of initial guidance.

The A2A-A- rated deal kicked-off three days of roadshows on Monday July 31. Roadshows were conducted via two teams, one in Europe and one in Asia. Investor meetings were slated for London and Singapore on Monday,...

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