Korea’s Leading Steel Producer in $700 Million Notes Offering
October 28, 2010
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/Reg S offering of US$700 million 4.250% Notes due 2020. The notes were listed on the Singapore Exchange. BNP PARIBAS, BofA Merrill Lynch, Deutsche Bank, Goldman Sachs International and Morgan Stanley served as joint bookrunners in the transaction. The offering closed on October 28, 2010.