By Taylor Fox
New York, Nov. 25 – United States Steel Corp. closed a $63.4 million environmental improvement revenue bonds with green bond designation, according to a news release.
The green bonds issued through the Industrial Development Board of the City of Hoover, Ala, have a coupon of 6.375% and carry a final maturity of 2050.
Proceeds will be used to partially fund work related to the company’s new environmentally preferred, low-emission electric arc furnace at U.S. Steel’s Fairfield Works.
U.S. Steel is an integrated steel producer based in Pittsburgh.
Issuer: | United States Steel Corp.
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Issue: | Environmental improvement revenue bonds with green bond designation
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Amount: | $63.4 million
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Maturity: | 2050
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Coupon: | 6.375%
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Announcement date: | Nov. 24
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