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ArcelorMittal Raises $3B

ArcelorMittal has raised $3 billion in a three-part sale of notes.

ArcelorMittal has raised $3 billion in a three-part sale of notes, Reuters reports. The steel company appointed Bank of America Merrill Lynch, Citi and JP Morgan as the joint bookrunning managers for the deal. 
The $500 million notes sold in the first tranche carry a coupon rate of 3.75% and are due to mature on March 1, 2016. The $1.5 billion notes sold in the second tranche carry a coupon rate of 5.50% and are due to mature on March 1, 2021. The $1 billion notes sold in the third tranche carry a coupon rate of 6.75% and will to mature on March 1, 2041. 
Click here for the story from Reuters.

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