Korea's Posco to issue 200 billion won of three-year bonds with talk of Treasury plus 5 bps

By Jennifer Chiou

New York, Sept. 21 - Korea's Posco plans to issue 200 billion won of three-year domestic public bonds with talk at the three-year Treasury bond rate plus 5 basis points, according to a 6-K filing with the Securities and Exchange Commission.

The company said it expects the notes to settle on Sept. 29.

Woori Investment & Securities and Korea Development Bank will be the lead managers.

The Seoul, Korea-based steel maker said proceeds will go towards financing a raw material settlement fund.

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