ArcelorMittal issues bond to improve balance sheet

Dec 29, 2009 | 11:07 AM | Mark Shapland

ArcelorMittal has issued a $750-million mandatory convertible bond through a wholly owned Luxembourg subsidiary in order to improve its balance sheet.

The bond was placed privately with a Luxembourg affiliate of investment bank Calyon and will not be listed, ArcelorMittal said. It will have a maturity of 17....

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