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BlueScope to raise $600M to pay down debt

EMBATTLED BlueScope Steel is seeking to raise around $A600 million in order to strengthen its balance sheet by paying off existing debt.

MiningNews.Net
BlueScope to raise $600M to pay down debt

The fully underwritten 4-for-5 accelerated renounceable entitlement offer will be priced at 40c per share, a 34.4% discount to its closing price yesterday of 61c. Earlier this year, BlueScope shut...

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