Korea's Leading Steel Producer in ¥15 Billion Notes Offering

December 22, 2011

Cleary Gottlieb represented BofA Merrill Lynch as underwriter in a Reg. S offering by POSCO of ¥15 billion 2.7% Notes due 2021. The notes were listed on the Singapore Stock Exchange. The offering closed on December 22, 2011.

POSCO is the largest fully integrated steel producer in Korea and one of the largest steel producers in the world.