Steel giant ArcelorMittal (MT) said Friday that it completed the pricing of its 30-year, $1 billion aggregate principal amount of 7% bonds due 2039. The yield of the bonds is 7.4%.
The proceeds of $943.27 million, before expenses, would be used for general corporate purposes, the company said.
The deal was originally planned to have a size of $500 million. The offering is scheduled to close on October 6.
Citigroup, Deutsche Bank and JPMorgan were the lead managers for the sale.
The company recently reported a net loss in its second quarter, reflecting exceptional charges, sharply lower demand and prices, amid the ongoing economic crisis.
MT closed Thursday's regular trade at $34.97, down from the previous close of $37.14, on 7.19 million shares.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.