Posco braves Samurai market for ‘tight’ ¥30bn issue but DT forced to postpone

February 23, 2001 12:00 am

Despite increasing Japanese investor caution against Samurai bond issues, Pohang Iron and Steel Corp (Posco) successfully accessed the Samurai market this week. However, Deutsche Telekom could not escape the overriding market pessimism and was forced to delay its plans to launch a ¥100bn transaction.

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