POSCO Holdings Achieves Milestone with Global Green Bond Issuance

In a landmark move, POSCO Holdings has successfully issued a $700 million global green bond, marking its first such venture since transitioning to a holding company structure. This strategic financial maneuver underscores the company's commitment to environmental, social, and governance (ESG) principles.

Breaking New Ground in the Bond Market

Despite the challenging global bond market conditions, POSCO Holdings managed to issue long-term 5-year and 10-year bonds, a first for a Korean company. The bonds were met with overwhelming demand, attracting $6.6 billion in orders from 291 institutions worldwide.

Strategic Allocation and Future Plans

The final allocation saw 64% of investors from Asia, 15% from Europe, and 21% from the United States. With 71% going to asset management companies, POSCO Holdings is set to channel the raised funds into its energy materials business, further solidifying its position in the green economy.

A Step Towards Sustainable Finance

Prior to the bond issuance, POSCO Holdings laid the groundwork with a sustainable finance management framework and engaged global investors through presentations across key financial hubs. This initiative highlights the company's dedication to ESG management and its vision for a sustainable future.