Arcelormittal Announces The Completion Of A "Tap Issue" Of Eur250 Million, With A Yield To Maturity Of 0.984%, Of Its 2.250% ...

Date : 07/04/2019 @ 12:45PM
Source : Dow Jones News
Stock : ArcelorMittal (MT)
Quote : 14.784  -0.424 (-2.79%) @ 4:40PM
ArcelorMittal share price Chart

Arcelormittal Announces The Completion Of A "Tap Issue" Of Eur250 Million, With A Yield To Maturity Of 0.984%, Of Its 2.250% ...

ArcelorMittal (EU:MT)
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TIDMMT 
 
   Luxembourg, 4 July 2019, 14:15 CET 
 
   ArcelorMittal announces the completion of an issuance of EUR250 million 
of its 2.250% notes due 17 January 2024 (the "Notes"), which will be 
consolidated and form a single series with the existing EUR750 million 
2.250 per cent. notes due 17 January 2024, originally issued on 17 
January 2019. At the time of pricing the "tap" issuance, the yield to 
maturity (representing the actual annual cost of the issuance for 
ArcelorMittal) was 0.984%. 
 
   The issuance closed today. The Notes were issued under ArcelorMittal's 
EUR10 billion wholesale Euro Medium Term Notes Programme. 
 
   The proceeds of the issuance will be used for general corporate 
purposes. 
 
   Important note: This press release does not, and shall not, in any 
circumstances constitute a public offering by ArcelorMittal of the Notes 
nor an invitation to the public in connection with any offer. No 
communication and no information in respect of the issuance of the Notes 
may be distributed to the public in any jurisdiction where a 
registration or approval is required. No steps have been or will be 
taken in any jurisdiction where such steps would be required. The 
offering or purchase of the Notes may be subject to specific legal or 
regulatory restrictions in certain jurisdictions. ArcelorMittal takes no 
responsibility for any violation of any such restrictions by any person. 
 
   This press release is an advertisement and not a prospectus within the 
meaning of Directive 2003/71/EC of the European Parliament and the 
Council of November 4(th) , 2003 (as amended and supplemented from time 
to time, including by Directive 2010/73/EU and any relevant implementing 
measures in any member State of the European Economic Area (the "Member 
States")), (the "Prospectus Directive"). 
 
   The base prospectus of the EUR10 billion wholesale Euro Medium Term Note 
Programme of ArcelorMittal dated as of 29 May 2019 and the supplement to 
the base prospectus  dated 21 June 2019 which together constitute a base 
prospectus (the "Base Prospectus") and the final terms prepared by the 
Issuer in connection with the issuance of the Notes have been prepared 
on the basis that any offer of Notes in any Member State of the European 
Economic Area (each, a "Relevant Member State") will be made pursuant to 
an exemption under the Prospectus Directive, as implemented in that 
Relevant Member State, from the requirement to publish a prospectus for 
offers of the Notes. 
 
   In any Relevant Member State that has implemented the "Prospectus 
Directive, this communication is only addressed to and directed at 
qualified investors in that Member State within the meaning of the 
Prospectus Directive. 
 
   Accordingly, any person making or intending to make an offer in that 
Relevant Member State of the Notes may only do so in circumstances in 
which no obligation arises for the Issuer or the joint lead managers 
acting in connection with the issuance of the Notes to publish a 
prospectus pursuant to Article 3 of the Prospectus Directive or 
supplement a prospectus pursuant to Article 16 of the Prospectus 
Directive, in each case, in relation to such offer. The Issuer and the 
joint lead managers acting in connection with the issuance of the Notes 
have not authorized the making of any offer of Notes in any other 
circumstances. The Base Prospectus and the final terms referred to above 
have been filed with the Commission de Surveillance du Secteur Financier 
of Luxembourg and the Luxembourg Stock Exchange, respectively. 
 
   This press release is not an invitation nor is it intended to be an 
inducement to engage in investment activity for the purpose of Section 
21 of the Financial Services and Markets Act 2000 of the United Kingdom 
(the "FSMA"). This press release is only being distributed to and is 
only directed at (i) persons who are outside the United Kingdom; (ii) 
persons who are investment professionals  falling within the meaning of 
Article 19(5) of the Financial Services and Markets Act 2000 (Financial 
Promotion) Order 2005 (as amended) of the United Kingdom (the "Financial 
Promotion Order"); or (iii) high net worth entities, and other persons 
to whom it may lawfully be communicated, falling within Article 49(2)(a) 
to (d) of the Financial Promotion Order (all such persons together being 
referred to as "Relevant Persons"). Any Notes will only be available to, 
and any invitation, offer, agreement to subscribe, purchase or otherwise 
acquire such Notes, or inducement to engage in any investment activity 
included within this press release is available only to Relevant Persons 
and will be engaged in only with Relevant Persons. Anyone other than a 
Relevant Person must not act or rely on this press release or any of its 
contents. 
 
   Solely for the purposes of the product governance requirements of 
Directive 2014/65/EU on financial instruments, as amended ("MiFID II") 
and local implementing measures and each manufacturer's product approval 
process, the target market assessment in respect of the Notes has led to 
the conclusion that: (i) the target market for the Notes is eligible 
counterparties and professional clients only, each as defined in MiFID 
II; and (ii) all channels for distribution of the Notes to eligible 
counterparties and professional clients are appropriate (the "Target 
Market Assessment"). Any person subsequently offering, selling or 
recommending the Notes (a "distributor") should take into consideration 
the manufacturers' Target Market Assessment; however, a distributor 
subject to MiFID II is responsible for undertaking its own target market 
assessment in respect of the Notes (by either adopting or refining the 
manufacturers' target market assessment) and determining appropriate 
distribution channels. 
 
   Notwithstanding the Target Market Assessment, distributors should note 
that: the price of the Notes may decline and investors could lose all or 
part of their investment; the Notes offer no guaranteed income and no 
capital protection; and an investment in the Notes is compatible only 
with investors who do not need a guaranteed income or capital protection, 
who (either alone or in conjunction with an appropriate financial or 
other adviser) are capable of evaluating the merits and risks of such an 
investment and who have sufficient resources to be able to bear any 
losses that may result therefrom. The Target Market Assessment is 
without prejudice to any contractual, legal or regulatory selling 
restrictions in relation to the offering. 
 
   For the avoidance of doubt, the Target Market Assessment does not 
constitute: (a) an assessment of suitability or appropriateness for the 
purposes of MiFID II; or (b) a recommendation to any investor or group 
of investors to invest in, or purchase, or take any other action 
whatsoever with respect to the Notes. 
 
   This press release does not constitute an offer to sell or a 
solicitation of an offer to purchase any securities in the United 
States. The Notes have not been and will not be registered under the 
U.S. Securities act of 1933, as amended (the "Securities Act") or the 
laws of any state within the U.S., and may not be offered or sold in the 
United States or to or for the account or benefit of U.S. Persons, 
except in a transaction not subject to, or pursuant to an applicable 
exemption from, the registration requirements of the Securities Act or 
any state securities laws. This press release and the information 
contained herein may not be distributed or sent into the United States, 
or in any other jurisdiction in which offers or sales of the Notes would 
be prohibited by applicable laws and should not be distributed to United 
States persons or publications with a general circulation in the United 
States. No offering of the Notes has been made or will be made in the 
United States. 
 
   Ends 
 
   About ArcelorMittal 
 
   ArcelorMittal is the world's leading steel and mining company, with a 
presence in 60 countries and an industrial footprint in 19 countries. 
Guided by a philosophy to produce safe, sustainable steel, we are the 
leading supplier of quality steel in the major global steel markets 
including automotive, construction, household appliances and packaging, 
with world-class research and development and outstanding distribution 
networks. 
 
   Through our core values of sustainability, quality and leadership, we 
operate responsibly with respect to the health, safety and wellbeing of 
our employees, contractors and the communities in which we operate. 
 
   For us, steel is the fabric of life, as it is at the heart of the modern 
world from railways to cars and washing machines. We are actively 
researching and producing steel-based technologies and solutions that 
make many of the products and components people use in their everyday 
lives more energy efficient. 
 
   We are one of the world's five largest producers of iron ore and 
metallurgical coal. With a geographically diversified portfolio of iron 
ore and coal assets, we are strategically positioned to serve our 
network of steel plants and the external global market. While our steel 
operations are important customers, our supply to the external market is 
increasing as we grow. 
 
   In 2018, ArcelorMittal had revenues of $76.0 billion and crude steel 
production of 92.5 million metric tonnes, while own iron ore production 
reached 58.5 million metric tonnes. 
 
   ArcelorMittal is listed on the stock exchanges of New York (MT), 
Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock 
exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS). 
 
   For more information about ArcelorMittal please visit: 
http://corporate.arcelormittal.com/ 
 
 
 
 
 
Contact information ArcelorMittal 
 Investor Relations 
 
Europe                                                   +44 20 7543 1156 
Americas                                                  +1 312 899 3985 
Retail                                                   +44 20 7543 1156 
SRI                                                       +44 207543 1156 
Bonds/Credit                                              +33 171 921 026 
 
 
Contact information ArcelorMittal 
 Corporate Communications 
 
                                           mailto:press@arcelormittal.com 
  E-mail:                                         press@arcelormittal.com 
                                         -------------------------------- 
Phone:                                                      +442076297988 
 
 
ArcelorMittal Corporate Communications 
 
Paul Weigh                                               +44 20 3214 2419 
 
 
 
 
 
 

(END) Dow Jones Newswires

July 04, 2019 08:30 ET (12:30 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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