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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| ArcelorMittal | EU:MT | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.54 | -2.49% | 21.12 | 21.06 | 21.18 | 21.51 | 20.56 | 21.50 | 3,931,352 | 02:01:57 |
From Jul 2019 to Jul 2024
By Alex MacDonald
LONDON--ArcelorMittal (MT) has bought back around 62% of $500 million in bonds falling due in 2014, part of a plan to reduce its debt.
The Luxembourg-based steelmaker said investors holding $310.68 million of outstanding notes with a 6.5% coupon took advantage of an early-bird offer that expired on June 28. The steelmaker paid those investors $326.99 million on July 1 to buy back their notes, a figure that includes bonuses for the quick response.
ArcelorMittal bought back another $0.819 million worth of notes for $0.823 million before the offer expired July 15.
That leaves ArcelorMittal, the world's largest steelmaker, with only $188.5 million to pay back.
-Write to Alex MacDonald at alex.macdonald@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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