**POSCO International Corporation, a subsidiary of POSCO Holdings Inc., has successfully issued its first global bond, raising $500 million in a five-year offering.** The bond, priced at 90 basis points over the five-year U.S. Treasury yield, attracted strong investor interest, resulting in a fourfold oversubscription with total orders reaching approximately $2 billion.
The proceeds will be used to repay existing foreign-currency borrowings and for general corporate purposes. Notably, Asian investors accounted for 67% of allocations, while asset managers represented 65% of the investor type. The bonds received investment-grade ratings of BBB from S&P and Baa2 from Moody’s, underscoring POSCO’s business competitiveness and long-term growth potential amid recent geopolitical tensions.
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