South Korea’s Posco announces plans for dollar-denominated notes

By Rebecca Melvin

New York, June 28 – Pohang Iron and Steel Co. (Posco) has selected banks and scheduled roadshow meetings for a dollar-denominated offering of notes, according to a syndicate source on Thursday.

BofA Merrill Lynch, BNP Paribas, HSBC and Standard Chartered Bank are the bookrunners for the Rule 144A and Regulation S notes.

Fixed-income investor meetings will be held in Asia, Europe and the United States beginning on July 9, with a deal expected to follow subject to market conditions.

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

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