Korea's Posco may offer dollar-denominated notes in early September

By Paul A. Harris

St. Louis, Aug. 29 - Posco Engineering & Construction, the construction arm of South Korean steelmaker Posco, is expected to bring a dollar-denominated offering of notes in early September, according to a market source.

The size and structure of the deal remain to be determined.

Barclays Capital, Citigroup and HSBC have the books.

Moody's Investors Service assigns its Baa1 corporate credit rating to the company. The Standard & Poor's rating is BBB+.

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