Korea’s Leading Steel Producer in $700 Million Notes Offering

April 14, 2011

Cleary Gottlieb served as U.S. counsel to POSCO, the largest fully integrated steel producer in Korea and one of the largest steel producers in the world, in its Rule 144A/Regulation S offering of $700 million 5.250% notes due 2021. The notes were listed on the Singapore Exchange. Barclays Capital, BNP PARIBAS, Deutsche Bank and Goldman Sachs International served as joint bookrunners in the transaction. The offering closed on April 14.