ArcelorMittalsaid April 11 that it launched a tender offer to purchase all of its outstandingUS$1.50 billion 6.125% notes, due 2018.
Concurrently, the company invited offers to sell all bonds inrelation to its €1.0 billion 4.625% notes, due Nov. 17, 2017, and €500.0 million4.50% notes due March 29, 2018.
The company will fund the purchases of bonds tendered in theoffers with existing cash resources, including the proceeds of its recently completed US$3 billion rights issue.
Barclays Capital Inc., BNP Paribas, Citigroup Global MarketsLtd. and JP Morgan Securities LLC will act as dealer managers for the offer.