posco-forges-ahead-with-new-debt-deal

Posco forges ahead with new debt deal

Korean steel maker gets ready to re-open Asia's investment-grade bond markets with a $300 million, 10-year offering.
ABN AMRO, HSBC and UBS have been mandated to lead a $300 million, 10-year Reg-S senior-unsecured bond offering for Korean steel producer, Posco. The new deal will kick-off three days of roadshows on Monday July 31.

Roadshows will be conducted via two teams, one in Europe and one in Asia. Investor meetings are slated for London and Singapore on Monday, Frankfurt and Singapore on Tuesday, before wrapping up in Frankfurt and Hong Kong on Wednesday. Pricing will be subject to market conditions, but barring any unforeseen market irregularities the deal is expected to close toward the end of the week.

MoodyÆs has given the proposed deal an A2 rating, while SP has...
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