{"id":72327,"date":"2026-07-02T14:36:09","date_gmt":"2026-07-02T14:36:09","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/72327\/"},"modified":"2026-07-02T14:36:09","modified_gmt":"2026-07-02T14:36:09","slug":"posco-holdings-unit-issues-first-ever-global-bond-worth-500m","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/72327\/","title":{"rendered":"POSCO Holdings’ Unit Issues First-Ever Global Bond Worth $500M"},"content":{"rendered":"\n

POSCO Holdings Inc.’s PKX subsidiary POSCO International Corporation has\u00a0issued its first-ever global bond, raising $500 million in a five-year offering and marking its debut in the international capital markets.\u00a0 <\/p>\n

The single-tranche bond was priced at 90 basis points over the five-year U.S. Treasury yield, tightening 30 basis points from the\u00a0initial\u00a0price guidance after attracting strong investor demand. The offering was four times oversubscribed, with total orders reaching approximately\u00a0$2 billion, despite heightened volatility in global financial markets stemming from recent geopolitical tensions in the Middle East.\u00a0 <\/p>\n

POSCO conducted investor presentations and conference calls with major institutional investors across the United States,\u00a0Europe\u00a0and Asia before the issuance. The company highlighted its diversified portfolio spanning energy, materials\u00a0and\u00a0agro\u00a0businesses, its stable earnings\u00a0base\u00a0and its position as a core affiliate of the POSCO Group. Investors also showed strong interest in the company’s growth strategy, including the expansion of Senex Energy’s LNG production capacity in Australia and the continued growth of its Indonesian palm oil subsidiary, PT PAR.\u00a0 <\/p>\n

The proceeds from the bond issuance will be used to repay existing\u00a0foreign-currency borrowings and for general corporate purposes, thereby\u00a0strengthening the company’s funding flexibility.\u00a0 <\/p>\n

Asian investors accounted for 67% of allocations, followed by the United States at 27% and Europe at 6%. By investor type, asset managers represented 65%, banks 33%\u00a0and other investors 2%.\u00a0\u00a0 <\/p>\n

The transaction was jointly managed by BNP Paribas, Citi, Cr\u00e9dit Agricole, HSBC,\u00a0Mizuho\u00a0and Korea Development Bank. The U.S. dollar bonds received investment-grade ratings of BBB from S&P and Baa2 from Moody’s.\u00a0 <\/p>\n

POSCO said the successful issuance reflects global investors’ recognition of its business competitiveness and long-term growth potential. The company plans to further diversify its funding sources, expand its overseas investor base\u00a0and strengthen its growth platform across its energy, materials\u00a0and\u00a0agro\u00a0businesses.\u00a0 <\/p>\n

Shares of PKX have lost 12.2% in the past year compared with the\u00a0industry’s 10.4% decline.\u00a0 <\/p>\n

\"Zacks<\/a> Zacks Investment Research <\/p>\n

Image Source: Zacks Investment Research <\/p>\n

PKX Zacks Rank & Key Picks <\/p>\n

PKX\u00a0currently carries\u00a0a Zacks\u00a0Rank #3\u00a0(Hold).\u00a0 <\/p>\n

Some better-ranked stocks in the Conglomerates space are\u00a0GPGI, Inc.\u00a0GPGI,\u00a0Marubeni Corporation\u00a0MARUY\u00a0and\u00a0Griffon Corporation\u00a0GFF. GPGI, MARUY and GFF carry\u00a0a Zacks\u00a0Rank #2 (Buy). You can see\u00a0the complete list of today’s Zacks #1\u00a0Rank\u00a0(Strong Buy)\u00a0stocks here. <\/p>\n","protected":false},"excerpt":{"rendered":"POSCO Holdings Inc.’s PKX subsidiary POSCO International Corporation has\u00a0issued its first-ever global bond, raising $500 million in a…\n","protected":false},"author":2,"featured_media":72328,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[380],"tags":[7405,1001,442,465,998],"class_list":["post-72327","post","type-post","status-publish","format-standard","has-post-thumbnail","category-posco","tag-bond-issuance","tag-consensus-estimate","tag-posco","tag-posco-international","tag-zacks-investment-research"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/72327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=72327"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/72327\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/72328"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=72327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=72327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=72327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}