ArcelorMittal buys bonds of $583 mn in cash

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Steel giant ArcelorMittal said it has bought back in cash securities worth $583.19 million of the $600 million bonds, which are due to mature in 2020 and 2021. The luxembourg-based firm in a late regulatory filing on Wednesday announced the final results of its Offers to Purchase for cash up to $600 million aggregate principal amount of its outstanding notes. last month, the world’s largest steelmaker had announced the launch of its tender offers. The offers were to purchase for cash up to maximum tender amount in aggregate of its outstanding 5.125 per cent Notes due June 1, 2020, 5.250 per cent Notes due August 5, 2020 .     

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