POSCO Holdings stock jumps 12% after $700 million bond sale — what investors watch next
POSCO Holdings’ U.S.-listed shares surged 12% to $60.39 Tuesday after the company raised $700 million in a two-part global bond sale, drawing $6.6 billion in bids. The bonds, split into five- and ten-year tranches, will mainly refinance existing debt. Most demand came from Asian investors. Traders now await POSCO’s Jan. 29 earnings report and further refinancing moves.