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POSCO raises US$1 bln via overseas debt sale

10:46 July 29, 2022

SEOUL, July 29 (Yonhap) -- POSCO, South Korea's top steelmaker, said Friday that it has raised US$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.

POSCO raises US$1 bln via overseas debt sale - 1

sam@yna.co.kr
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