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JMC Steel Sells $725M In Bonds

JMC Steel Group has raised $725 million in a sale of senior notes.

JMC Steel Group has raised $725 million in a sale of senior notes, Reuters reports. The U.S. manufacture of markets pipe and tubular products sold the bonds in the 144a private placement market.

The notes, which carry a coupon rate of 8.5%, will be due on March 15, 2018. JP Morgan was the sole active book-running manager for the sale.

Click here for the story from Reuters.

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