ArcelorMittal is issuing US$2bn in equity and bonds in a move that can be interpreted as a way of protecting itself for the tough times to come (COVID-19 impacts) and the willingness to stick to its commitment to lower net debt to c. US$7bn in the near term. The read-across for the sector is not very positive, of course…
12 May 2020
A US$2bn issue
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A US$2bn issue
MaireTecnimont SpA (0QEP:LON) | 0 0 -0.2% | Mkt Cap: 1,153m
- Published:
12 May 2020 -
Author:
Fabrice Farigoule -
Pages:
2
ArcelorMittal is issuing US$2bn in equity and bonds in a move that can be interpreted as a way of protecting itself for the tough times to come (COVID-19 impacts) and the willingness to stick to its commitment to lower net debt to c. US$7bn in the near term. The read-across for the sector is not very positive, of course…