ArcelorMittal South Africa Plans $350 Million Bond in 2016

  • 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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