Arcelor exploits demand for cyclical names

12 Nov 2010

Steelmaker ArcelorMittal issued its first euro-denominated bond since May 2009 on Wednesday, selling a Eu1bn seven year note.

The deal was one of only two benchmark euro corporate bonds to price this week, the other being Auchan’s Eu500m seven year note on Tuesday (see separate story). But bankers expect next week to be busier, with Danone, Iberdrola, France Télécom, Swedish Match and Motability, a UK not-for-profit ...

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