Euro High Grade Corporate: ArcelorMittal

Issuer:ArcelorMittal
Size: €2.5 billion
Issue date: May 27, 2009
Maturity: June 3, 2013/
June 3, 2016
Ratings: BBB/Baa3 (Fitch, Moody’s)
Coupon: 8.25% (4yr),
9.75% (7yr)

Bookrunners: Calyon, HSBC, JP Morgan, Commerzbank, Santander

The debut €2.5 billion issue by global steel company ArcelorMittal in May 2009 was not an overnight success, regardless of the fact that when the books closed the deal had generated more than €13 billion of orders from 850 separate accounts. In reality, it was almost two years

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