Posco pushes the boundaries

A daring deal from one of Asia''s strongest companies, as Posco prices Asia''s first samurai exchangeable.
August 14, 2003

Lead managers Deutsche Bank and Merrill Lynch successfully priced a Y52 billion ($440 million) exchangeable for Korean steel company Posco on Tuesday. The deal was something of an exercise in showmanship with Posco demonstrating its enduring appeal to international investors.

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