trending Market Intelligence /marketintelligence/en/news-insights/trending/6dT2okjuWXk_DXy3_o1I8Q2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Nippon Steel to issue up to ¥300B in bonds for Essar Steel buy, investments

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019

Nippon Steel to issue up to ¥300B in bonds for Essar Steel buy, investments

Nippon Steel Corp. said Aug. 7 that it decided to publicly issue hybrid bonds of up to ¥300 billion to jointly acquire Essar Steel India Ltd. with ArcelorMittal and fund other investment projects as part of the company's 2020 midterm management plan.

The hybrid bonds will consist of both equity and liabilities, of which the terms and conditions including the issue amount will be determined on or after September.

In June, Nippon Steel publicly issued unsecured straight bonds worth ¥30 billion, ¥30 billion, and ¥20 billion for the first, second and third series, respectively.

As of Aug. 7, US$1 was equivalent to ¥105.7.