Korea's Leading Steel Producer in $300 Million Notes Offering

August 10, 2006

Cleary Gottlieb represented the Korean steel company, POSCO, in its $300 million Reg S offering of 5.875% notes due August 2016. The notes were listed on the Singapore Stock Exchange. ABN AMRO, HSBC and UBS Investment Bank served as joint lead managers and joint book-runners in the transaction, which priced on August 3 and closed on August 10.

POSCO is the largest steel company in South Korea.