Tuesday, June 26, 2007

Arcelor Mittal Postpones Bond Sale in Euros Because of Market Volatility

(Bloomberg) -- Arcelor Mittal, the world's biggest
steelmaker, postponed a bond sale because of market volatility,
according to an e-mailed statement from Commerzbank AG, one of
the banks managing the sale.

Arcelor Mittal last week hired Commerzbank, Citigroup Inc.,
Calyon and Royal Bank of Scotland Group Plc to manage the sale of
five- and 10-year fixed-rate bonds in euros. The steelmaker
planned to issue the debt through its Arcelor Finance unit.


Read more at Bloomberg Bonds News

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