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Algoma Steel, Inc. 9.125% 15-APR-2029

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Overview
Analysis

Key terms


Outstanding amount
‪350.00 M‬USD
Face value
1,000.00USD
Minimum denomination
2,000.00USD
Coupon
9.13% (Fixed)
Coupon frequency
Semi-annual
Yield to maturity
8.75%
Maturity date
Apr 15, 2029
Term to maturity
4 years

About Algoma Steel, Inc. 9.125% 15-APR-2029


Issuer
Algoma Steel, Inc.
Sector
Producer Manufacturing
Industry
Metal Fabrication
Home page
Issue date
Apr 5, 2024
FIGI
BBG01M5G60J2
Algoma Steel is a steel producer that is committed to offering its customers steadfast and efficient services. Its Direct Strip Production Complex, which can transform molten steel into a finished coil in approximately 30 minutes while using 40% less energy than a standard mill, gives it one of the most competitive production costs for hot-rolled sheet steel on the entire continent. Every one of its superior quality products is crafted to match global performance criteria for use in fabrication, automotive, building, mining, energy, shipping, rail, and military sectors.
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