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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Arcelor Mittal New | NYSE:MT | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.15 | 0.59% | 25.37 | 25.555 | 25.255 | 25.49 | 995,586 | 01:00:00 |
By Alex MacDonald
LONDON--Steel giant ArcelorMittal said Tuesday its U.S. unit has given notice to its noteholders of its plan to redeem $1.4 billion of notes with a 4.5% coupon that are due to expire on February 25, 2017.
The Luxembourg-based steelmaker, the world's largest steel producer by production capacity, said it would fund the redemption with proceeds from its $3 billion rights offering in April.
Write to Alex MacDonald at alex.macdonald@wsj.com
(END) Dow Jones Newswires
April 26, 2016 12:00 ET (16:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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