[Ferro-Alloys.com] Posco, South Korean steel giant, has achieved a significant milestone by securing $500 million through a three-year US dollar green bond, as disclosed in a term sheet reviewed by Reuters.

The bond, priced at Treasuries plus 110 basis points (bps), experienced strong demand, attracting $4 billion from investors.

Notably, 71% of bond buyers originated from the Asia Pacific region, underlining the global appeal of Posco’s green bond.

The final pricing was set at 40 bps tighter than the initial guidance provided to investors.

This success follows a broader trend of robust corporate financial activities in South Korea, with other major entities, such as SK Battery America and Woori Bank, engaging in substantial debt transactions.

Mirae Asset Securities, South Korea’s leading securities brokerage, is also exploring the possibility of a 3 and 5-year dollar bond, signaling a proactive start for the country in 2024.

• [Editor:tianyawei]