ArcelorMittal announces the completion of a “tap issue” of €250 million

by David Fleschen

ArcelorMittal announces the completion of an issuance of €250 million of its 2.250% notes due 17 January 2024 (the “Notes”), which will be consolidated and form a single series with the existing €750 million 2.250 per cent. notes due 17 January 2024, originally issued on 17 January 2019. At the time of pricing the “tap” issuance, the yield to maturity (representing the actual annual cost of the issuance for ArcelorMittal) was 0.984%.

The issuance closed on July 4th. The Notes were issued under ArcelorMittal’s €10 billion wholesale Euro Medium Term Notes Programme.

The proceeds of the issuance will be used for general corporate purposes.

Source: ArcelorMittal, Photo: Fotolia

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