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Prospect News home > News index > List of issuers A > Headlines for Arcelor Mittal > News item
Published on 1/21/2014 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

ArcelorMittal to redeem $650 million subordinated perpetuals at 101

By Susanna Moon

Chicago, Jan. 21 - ArcelorMittal said it will redeem all of its outstanding $650 million subordinated perpetual capital securities.

The company plans to redeem the notes at 101 at par plus accrued interest to but excluding the redemption date of Feb. 20, according to a press release.

ArcelorMittal is a Luxembourg-based steel and mining company.


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