Korea (South) based Metal company Posco International has finalised a private placement in the HKD Floating Rate Poon Choi Medium Term Note market. The financing matures in 2029 and was executed by a single dealer.
A Poon Choi bond is an HKD-denominated bond issued by a non-Hong-Kongese entity in the Hong-Kongese Foreign Bond market.
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| Issuer Details | |
| Issuer | Posco International |
| LEI | 988400B6ECL5BWA8KC19 |
| Industry | Steel Industry |
| Country | Korea (South) |
| Issuer Description | Posco International Corporation engages in trading, natural resource development, and other businesses worldwide. The company was formerly known as Posco Daewoo Corporation and changed its name in 2019. |
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| Trade Details | |
| Security Type | MTN |
| Amount | HKD [Login to see full details] |
| Total Amount including taps | HKD [Login to see full details] |
| Structure | Floating Rate |
| Coupon | [Login to see full details] |
| It came at a spread of [Login to see full details] in the Poon Choi bond market. | |
| Term | [Login to see full details] |
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| Maturity Date | [Login to see full details] |
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A Poon Choi bond is an HKD-denominated bond issued by a non-Hong-Kongese entity in the Hong-Kongese Foreign Bond market.
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