New Issue-ArcelorMittal sells $2.25 bln in two parts
May 13 (Reuters) - Global steel producer ArcelorMittal (MT.N: Quote, Profile, Research) on Wednesday sold $2.25 billion in a two-part debt sale, said IFR, a Thomson Reuters service.
Citigroup, HSBC, and JP Morgan were the active bookrunners for the sale. Morgan Stanley and Goldman Sachs were the passive bookrunners for the 5-year tranche. Morgan Stanley and Deutsche Bank were the passive bookrunners for the 10-year tranche. BORROWER: ARCELORMITTAL FIRST TRANCHE: AMT $750 MLN COUPON 9.00 PCT MATURITY 2/15/2015 TYPE SR NOTES ISS PRICE 98.931 FIRST PAY 8/15/2009 MOODY'S Baa2 YIELD 9.25 PCT SETTLEMENT 5/20/2009 S&P BBB-PLUS SPREAD 727.7 BPS/ PAY FREQ SEMI-ANNUAL FITCH BBB-PLUS MORE THAN TREAS MAKE-WHOLE CALL 50 BPS SECOND TRANCHE: AMT $1.5 BLN COUPON 9.85 PCT MATURITY 5/15/2019 TYPE SR NOTES ISS PRICE 97.522 FIRST PAY 11/15/2009 MOODY'S Baa2 YIELD 10.25 PCT SETTLEMENT 5/20/2009 S&P BBB-PLUS SPREAD 713.4 BPS/ PAY FREQ SEMI-ANNUAL FITCH BBB-PLUS MORE THAN TREAS MAKE-WHOLE CALL 50 BPS * COC PUT AT 101.
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