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BlueScope completes US$500M notes offering

BlueScope SteelLtd. has completed the recentlyannounced offering of US$500 million worth of 6.5% senior unsecurednotes due May 15, 2021.

The offering was undertaken by the company's BlueScope Steel(Finance) Ltd. and BlueScope Finance (Americas) LLC units, according to a May 6statement.

As previously announced, the proceeds raised will be used torepay outstanding amounts under its US$300 million unsecured bridge facility andpartly redeem its 7.125% senior unsecured notes due 2018.