South Korean steel maker Posco has raised $538 million through a two-part sale of three- and five-year samurai bonds, Bloomberg reports. The first tranche of $390 million, which carry a coupon rate of 1.67 percent, will mature on Oct. 20, 2014. The second tranche of $148 million, carrying a coupon rate of 2.03 percent, will mature on Oct. 20, 2016. BNP Paribas Securities, Daiwa Securities Capital Markets, Goldman Sachs Japan, HSBC Securities and UBS Securities acted as lead managers on the transaction, adds Fox Business.
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