New Issue: ArcelorMittal prices €500 million 0.95% five-year notes at mid-swaps plus 85 bps

By Paul A. Harris

Portland, Ore., Nov. 28 – ArcelorMittal priced €500 million of 0.95% five-year notes (Ba1/BB+) at an 85 basis points spread to mid-swaps on Tuesday, according to a market source.

The notes came at a reoffer price of 99.38, and yield 1.075%.

Barclays, Credit Agricole CIB, ING and SG CIB managed the sale.

The issuer is a Luxembourg-based steel manufacturer.

Issuer:	ArcelorMittal
Amount:	€500 million
Maturity:	Jan. 17, 2023
Securities:	Notes
Managers:	Barclays, Credit Agricole, ING, SG
Coupon:	0.95%
Price:	99.38
Yield:	1.075%
Spread:	Mid-swaps plus 85 bps
Trade date:	Nov. 28
Settlement date:	Dec. 4
Ratings:	Moody's: Ba1
	S&P: BB+
Marketing:	Quick to market

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.