We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Strength in numbers

17 March 2009 By Una Galani

Investors lapped up the steel giant s bond. But the fourtimes oversubscription reflects generous terms; a near 8% yield with a modest conversion premium. ArcelorMittal is paying up to get financial flexibility, and support for its claim that it doesn t need a rights issue.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)