Posco makes $500m sustainability bond debut

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By Silas Brown
09 Jul 2019

Posco, the South Korean steel firm, has sold its first sustainability bond, raising $500m and attracting investors to its solid investment grade credentials.

Bank of America, BNP Paribas, HSBC and Standard Chartered were bookrunners, releasing initial price guidance in the area of 130bp over US Treasuries for five year dollar notes on Monday morning, Hong Kong time.

According to one banker on the deal, Posco’s 2023 dollar bonds were trading at ...

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