Nippon Steel to Raise $3.5 Billion via Convertible Bonds for US Steel Deal
Nippon Steel Corp. is launching a 550 billion yen ($3.5 billion) overseas convertible bond offering to refinance bridge loans used for its $14.1 billion acquisition of United States Steel Corp. This strategic move aims to optimize the company's capital structure and reduce interest expenses as it integrates the iconic American steelmaker.