Mandatory convertibles set to go mainstream following ArcelorMittal’s blockbuster

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Mandatory convertibles set to go mainstream following ArcelorMittal’s blockbuster

Issue: 1287 - 11 January 2013

ArcelorMittal took $2.25bn from the mandatory convertible bond market, and a further $1.75bn in straight equity, this week in a deal that bankers hope will be replicated by other large-cap European firms seeking capital, writes Nick Jacob. ..

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