Issued green bonds in two tranches in the overseas bond market on April 28… $400 million with a 5-year maturity and $300 million with a 10-year maturity

First successful global bond issuance since POSCO Holdings’ transition to a holding company structure

Funds to be utilized as investment resources for the group’s future core businesses, including energy materials

POSCO Holdings successfully issued global green bonds in two tranches on April 28 in the overseas bond market, with $400 million in 5-year bonds and $300 million in 10-year bonds.

This marks the first time POSCO Holdings has issued global bonds since transitioning to a holding company structure.

Green bonds are an ESG bond used to raise funds for projects that contribute to environmental preservation, such as electric vehicles, renewable energy, and energy efficiency improvements. POSCO Holdings plans to utilize the funds raised through this green bond issuance for its energy materials business.

Despite unfavorable issuance conditions due to increased instability in the global bond market following the U.S. Trump tariff announcement on April 2, POSCO Holdings became the first Korean company to successfully issue 5-year and 10-year long-term bonds, securing stable investment resources for future growth.

The initial offered yield was set at the 5-year U.S. Treasury rate plus 180bp for the 5-year bonds and the 10-year U.S. Treasury rate plus 200bp for the 10-year bonds.

The book-building results showed participation from approximately 291 institutions with orders totaling $6.6 billion.

POSCO Holdings finalized the issuance size at $700 million with final spreads set at 137.5bp and 157.5bp, respectively.

Final investors were allocated by region with Asia at 64%, Europe at 15%, and the United States at 21%, and by type with asset managers at 71%, banks at 13%, and insurance companies and other investors at 16%. The issuance saw participation from major global insurance companies and asset managers, successfully diversifying investors and attracting high-quality investors. This confirmed investors’ confidence in POSCO Holdings despite concerns about steel and energy materials businesses due to U.S. tariff policies.

Global credit rating agencies S&P and Moody’s assigned bond credit ratings of ‘A-’ and ‘Baa1’ respectively in March this year, maintaining the same ratings as before, considering POSCO Holdings’ sound financial ratios.

For this green bond issuance, POSCO Holdings newly established a Sustainable Financing Framework in March this year. Before this bond issuance, from March 31 to April 4, POSCO Holdings held investor roadshows for numerous global institutional investors in the United States, Europe, Hong Kong, and Singapore, actively promoting the group’s ESG management strategy, energy materials business investment plans, growth strategies, and excellent credit quality to enhance major investors’ understanding.

▲Chairman In-hwa Chang is conducting the 57th POSCO Holdings ordinary general meeting of shareholders.

【以下为机器翻译结果，仅供参考阅读】

4 月 28 日在海外债券市场分两期发行绿色债券...4 亿美元（5 年期）和 3 亿美元（10 年期）

浦项制铁控股转型为控股公司结构以来的首次全球成功发行债券

作为包括能源材料在内的集团未来核心业务的投资资源。

4 月 28 日，浦项制铁控股在海外债券市场分两批成功发行全球绿色债券，其中 4 亿美元的 5 年期债券和 3 亿美元的 10 年期债券。

这是浦项制铁控股自过渡到控股公司结构以来首次发行全球债券。

绿色债券是一种 ESG 债券，用于为有助于环境保护的项目筹集资金，例如电动汽车、可再生能源和能源效率改进。浦项制铁控股计划将通过此次绿色债券发行筹集的资金用于其能源材料业务。

4月2日美国特朗普宣布关税后，全球债券市场不稳定加剧，导致发行条件不利，但浦项制铁控股成为第一家成功发行5年期和10年期长期债券的韩国企业，为未来增长确保了稳定的投资资源。

初始发售收益率设定为 5 年期美国国债利率加 5 年期国债加 180 个基点，10 年期美国国债利率加 10 年期国债加 200 个基点。

簿记建档结果显示，约有 291 家机构参与其中，订单总额为 66 亿美元。

浦项制铁控股最终确定的发行规模为 7 亿美元，最终利差分别为 137.5 个基点和 157.5 个基点。

最终投资者按地区分配，亚洲占 64%，欧洲占 15%，美国占 21%，按类型分配，资产管理公司占 71%，银行占 13%，保险公司和其他投资者占 16%。此次发行吸引了全球主要保险公司和资产管理公司的参与，成功地实现了投资者的多元化并吸引了高质量的投资者。这证实了投资者对 POSCO Holdings 的信心，尽管美国关税政策对钢铁和能源材料业务感到担忧。

考虑到浦项控股的良好财务比率，全球信用评级机构标准普尔和穆迪在今年 3 月分别给予债券信用评级“A-”和“Baa1”，维持与之前的评级相同。

对于此次绿色债券发行，浦项制铁控股于今年 3 月新建立了可持续融资框架。在本次债券发行之前，3 月 31 日至 4 月 4 日，浦项制铁控股在美国、欧洲、香港和新加坡为众多全球机构投资者举行了投资者路演，积极推动集团的 ESG 管理战略、能源材料业务投资计划、增长战略和卓越的信用质量，以增进主要投资者的理解。

▲张仁华会长正在召开浦项制铁控股第57届定期股东大会。