Posco mandates Samurai

Pohang Iron & Steel (Posco) has selected Nikko Salomon Smith Barney and Nomura to lead its second Yen-denominated bond offering of the year.

The world's largest steel manufacturer, Pohang Iron & Steel (Posco), is hoping that strong demand for yen product will enable it to price a new three-year offering inside of a three-year deal launched only two months ago.

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