Market Overview

ArcelorMittal Announces Pricing of $3B Bond Issue


Yesterday ArcelorMittal (NYSE: MT) completed the pricing of three series of US dollar denominated notes, consisting of USD 500,000,000 aggregate principal amount of its 3.750% Notes due 2015, USD 1,400,000,000 aggregate principal amount of its 4.500% Notes due 2017 and USD 1,100,000,000 aggregate principal amount of its 6.250% Notes due 2022.

The proceeds to ArcelorMittal, amounting to approximately USD 2.976 billion, will be used for general corporate purposes and to refinance existing indebtedness.

Posted-In: News Offerings


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