ArcelorMittal South Africa Plans $350 Million Bond in 2016By
Debt offer to follow share sale and deal for 23 percent stake
Steelmaker wants to invest in plants to improve costs
ArcelorMittal South Africa Ltd. said it will sell as much as $350 million in bonds next year once it’s completed a share sale and a black-ownership deal for a 23 percent stake in the continent’s largest steelmaker.
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