South Korea's Posco plans dollar-denominated benchmark notes due 2021

By Christine Van Dusen

Atlanta, April 6 - South Korea's Pohang Iron and Steel Co. (Posco) is planning a dollar-denominated issue of benchmark-sized notes due 2021, a market source said.

Barclays Capital, BNP Paribas, Deutsche Bank and Goldman Sachs are the bookrunners for the Rule 144A and Regulation S notes.

Proceeds will be used for general corporate purposes.

The notes are expected to price Thursday.

Posco is a steel maker based in Pohang, South Korea.

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