By Andrea Heisinger
Omaha, May 19 - ArcelorMittal SA priced $3 billion of senior unsecured notes (Baa2/BBB+) Monday in two tranches, market sources said.
The $1.5 billion of 5.375% five-year notes priced at a spread of Treasuries plus 235 basis points.
The $1.5 billion of 6.125% 10-year notes also priced at Treasuries plus 235 bps.
Both tranches had price talk of the 240 bps area, a source said.
Bookrunners for the Rule 144A issue were Goldman Sachs & Co., J.P. Morgan Securities Inc. and HSBC Securities Inc.
The steel company is based in Luxembourg City, Luxembourg.
| Issuer: | ArcelorMittal SA
|
| Issue: | Senior unsecured notes
|
| Amount: | $3 billion
|
| Bookrunners: | Goldman Sachs & Co., J.P. Morgan Securities Inc. and HSBC Securities Inc.
|
| Distribution: | Rule 144A
|
| Trade date: | May 19
|
| Settlement date: | May 26
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB+
|
| Fitch: BBB
|
|
|
| Five-year tranche
|
| Amount: | $1.5 billion
|
| Maturity: | 2013
|
| Coupon: | 5.375%
|
| Spread: | Treasuries plus 235 bps
|
| Price talk: | 240 bps area
|
|
|
| Ten-year tranche
|
| Amount: | $1.5 billion
|
| Maturity: | 2018
|
| Coupon: | 6.125%
|
| Spread: | Treasuries plus 235 bps
|
| Price talk: | 240 bps area
|
© 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.
