MADRID, 22 Nov. (EUROPA PRESS) -

The steel group ArcelorMittal has announced the issuance of 2,200 million dollars (2,145 million euros) in bonds with a maturity of five and ten years whose proceeds will be used for general corporate purposes.

Specifically, it will issue 1,200 million dollars (1,170 million euros) in bonds maturing in 2027 and an interest rate of 6.550%, as well as another 1,000 million dollars (975 million euros) in debt maturing in 2032 and a interest of 6,800%.

"ArcelorMittal's revenues, amounting to approximately $2.2 billion, will be used for general corporate purposes," the company said.

The offer is scheduled to close on November 29, 2022, subject to compliance with customary conditions.

In addition, after the closing of the offer, ArcelorMittal intends to cancel the remaining commitments in relation to the US$2.2 billion bridge credit facility agreed with a financial institution to finance the planned acquisition of Companhia Siderúrgica do Pecém.