Banks seek backing for Eu8bn Mittal loan at keen pricing

Mittal Steel's Eu8bn acquisition facility, arranged by bookrunners Citigroup, Goldman Sachs and Société Générale CIB, will be launched into sub-underwriting, the first phase of syndication, in the next few days.

  • 24 Mar 2006

The Indian company is seeking backing in the loan market for its Eu19.9bn hostile bid for Luxembourg-based rival Arcelor. Some Eu5bn of the facility will directly support the bid and Eu3bn will refinance Mittal Steel's existing debt.

Banks will be offered sub-underwriting tickets of Eu600m. The facility will be ...

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All International Bonds

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2 JPMorgan 380,362.89 1737 8.21%
3 Bank of America Merrill Lynch 364,928.71 1322 7.88%
4 Goldman Sachs 269,252.76 932 5.81%
5 Barclays 267,252.43 1082 5.77%

Bookrunners of All Syndicated Loans EMEA

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3 Deutsche Bank 37,615.10 139 5.43%
4 JPMorgan 34,724.19 118 5.01%
5 Bank of America Merrill Lynch 33,835.53 112 4.88%

Bookrunners of all EMEA ECM Issuance

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4 UBS 17,693.89 71 6.81%
5 Goldman Sachs 17,333.10 99 6.67%