POSCO in $500 Million Offering

August 1, 2018

Cleary Gottlieb represented POSCO in its Rule 144A/Reg. S offering of $500 million 4.000 percent notes due 2023.

The notes were listed on the Singapore Exchange. The offering priced on July 25, 2018, and closed on August 1, 2018.

BofA Merrill Lynch, BNP Paribas, HSBC, and Standard Chartered Bank were the joint bookrunners.

POSCO is one of the largest steel producers in the world based on annual crude steel production, as well as the largest fully integrated steel producer in Korea.