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Prospect News home > News index > List of issuers A > Headlines for Arcelor Mittal > News item
Published on 3/18/2014 in the Prospect News High Yield Daily.

ArcelorMittal launches €750 million five-year notes at mid-swaps plus 210 bps

By Paul A. Harris

Portland, Ore., March 18 - ArcelorMittal (Ba1/BB+/BB+) launched a €750 million offering of five-year notes at mid-swaps plus 210 basis points on Tuesday, according to a market source.

The deal is set to price shortly.

Barclays, BNP Paribas, Commerzbank and SG CIB are the active bookrunners. ING, Rabobank and Santander are the passive bookrunners.

SG will bill and deliver.

The Luxembourg-based steel producer is pricing the Regulation S notes from its euro medium-term note program.


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