03
Jun
13:28
Krakatau Posco issues $700 million in bonds
PT Krakatau Posco, a joint venture between South Korean steel producer Posco Group and Indonesian steelmaker Krakatau Steel, successfully issued $700 million in bonds last Friday to repay existing loans.
The bonds were issued in two types at an interest rate of 6.375%, with a three-year bond size of $300 million and the remaining $400 million for five years, Kallanish learns. This is also the first time that a Posco subsidiary has publicly issued bonds individuall…
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Anonymous
Very good overview of the weekly steel market.
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