POSCO to raise up to $691 million as next year’s 1st corporate bond issuer

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POSCO to raise up to $691 million as next year’s 1st corporate bond issuer - Korea Economic Daily

Quick Summary:

However, the conglomerate maintained a conservative approach to fundraising throughout the first half of this year.Since POSCO E&C Co.issued 155 billion won in corporate bonds in March, group affiliates have refrained from tapping the domestic debt market.

In July, POSCO Future M Co., a battery material and steel manufacturing equipment supplier, issued 600 billion won in corporate bonds to repay maturing debt and invest in its nickel-cobalt-aluminum cathode materials plant in Gwangyang, South Jeolla Province.

South Korea’s steel-to-battery materials conglomerate POSCO Group plans to raise up to 1 trillion won ($691 million) in the country’s first corporate bond issue of 2025.