The Luxembourg Stock Exchange has admitted to trading on its regulated market a con vertible bond offering from ArcelorMittal for a total of EUR 1.25 billion. The bonds will bear interest of 7.25%, have a maturity of five years and an initial conversion ratio of one share for one bond. Admission to trading on the secondary market was begun on 1 April 2009.
The bonds, of the OCEANE type, (ISIN: XS0420253212) are exchange-traded for any transactions on the secondary market. This was preceded by a private placement to qualified investors within the meaning of Directive 2003/71/EC of the European Parliament and the Council of 14 November 2003 concerning prospectuses; and in accordance with the respective regulations of each country in which the bond is offered.
The proceeds of the bonds will be used for refinancing purposes.
