Published on 6/16/2006 in the Prospect News Emerging Markets Daily.
New Issue: Korea's Posco sells ¥50 billion of seven-year samurai bonds
By Reshmi Basu
New York. June 16 - Korea-based Steel maker Posco sold ¥50 billion of seven-year samurai bonds at an annual interest rate of 2.05%.
Proceeds will be used to finance capital repayment, for working capital and for facilities investment.
Daiwa Securities, Nikko Citi Securities and JP Morgan were lead managers.
| Issuer: | Posco
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| Amount: | ¥50 billion
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| Issue: | Samurai bonds
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| Maturity: | 2013
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| Interest rate: | 2.05%
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| Lead managers: | Daiwa Securities, Nikko Citi Securities and JP Morgan
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| Pricing date: | June 16
|
| Settlement date: | June 28
|
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