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POSCO has commenced a cash tender offer to repurchase up to US$400,000,000 in aggregate principal amount of its outstanding 5.750% Notes due 2028.
The South Korean steelmaker's move puts a defined ceiling on the buyback and signals active liability management ahead of the notes' maturity.
What a Tender Offer Means for Bondholders A tender offer — sometimes called an Offer to Purchase — is a formal invitation from an issuer to its own creditors: hand back your bonds now, in exchange for cash.
It is not a default, nor a forced redemption. Holders who tender accept the terms voluntarily; those who decline remain invested in the original security until maturity or the next call event.
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