ID :
204707
Thu, 09/01/2011 - 12:59
Auther :
Shortlink :
https://oananews.org//node/204707
The shortlink copeid
Daewoo International sells US$200 mln in bonds in Japan
SEOUL, Sept. 1 (Yonhap) -- Daewoo International Corp., a South Korean trading firm controlled by steel giant POSCO, said Thursday it has raised US$200 million by selling dollar-denominated bonds in Japan.
Daewoo International, however, did not give specifics on the sale of so-called Shogun bonds, including the pricing.
Shogun bonds refer to debt issued in Japan by a non-Japanese firm and denominated in a currency other than the Japanese yen.
Proceeds from the sale of the three-year debt will be used to finance of its overseas resource development projects, Daewoo International said.
The deal was arranged by Samsung Securities, South Korea's leading securities firm.
Daewoo International, which mostly buys and sells steel, metals and auto parts, also operates a gas project in Myanmar and owns a stake in a nickel mine in Madagascar.
Daewoo International, however, did not give specifics on the sale of so-called Shogun bonds, including the pricing.
Shogun bonds refer to debt issued in Japan by a non-Japanese firm and denominated in a currency other than the Japanese yen.
Proceeds from the sale of the three-year debt will be used to finance of its overseas resource development projects, Daewoo International said.
The deal was arranged by Samsung Securities, South Korea's leading securities firm.
Daewoo International, which mostly buys and sells steel, metals and auto parts, also operates a gas project in Myanmar and owns a stake in a nickel mine in Madagascar.
