CSN $250 million 10-year notes talked at 9¾% area, pricing Tuesday

By Paul A. Harris

St. Louis, Dec. 15 - Companhia Siderurgica National (CSN)'s upcoming sale of $250 million of 10-year senior notes (B1/B+) is talked at a yield in the 9¾% area, according to an informed source.

The deal is expected to price on Tuesday.

Citigroup is the bookrunner for the Rule 144A/Regulation S offering.

CSN will use proceeds to refinance debt and for general corporate purposes.

The issuer is a Brazilian steel producer.

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