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  • POSCO raises $1b via overseas debt sale
    POSCO raises $1b via overseas debt sale
    POSCO, South Korea's top steelmaker, said Friday that it has raised $1 billion by selling debts overseas. The two-tranche debt comprises three-year bonds worth $700 million and five-year bonds worth $300 million, according to the steelmaker. POSCO said the proceeds from the debt sale will help beef up its cash flows down the road amid rising market rates. (Yonhap)
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POSCO raises $1b via overseas debt sale

July 29, 2022 - 10:51 By Yonhap
Posco's corporate logo (Posco)

POSCO, South Korea's top steelmaker, said Friday that it has raised $1 billion by selling debts overseas.

The two-tranche debt comprises three-year bonds worth $700 million and five-year bonds worth $300 million, according to the steelmaker.

POSCO said the proceeds from the debt sale will help beef up its cash flows down the road amid rising market rates. (Yonhap)

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