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CLEVELAND-CLIFFS USD 8.0YR CRP BBB- FIXED RATE SYNDICATED BROWNIE BOND MARKET PLACEMENT (USU1852LAN74)

Post Date: 06 March 2024
Cliffs Natural Resources Inc. has priced a syndicated USD denominated Brownie market bond which matures in 2032. 

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Issuer Details
Issuer Cliffs Natural Resources Inc.
LEI 549300TM2WLI2BJMDD86
Industry Diversified Metals and Mining
Country United States
Issuer Description Cleveland-Cliffs Inc. (f.n.a. Cliffs Natural Resources Inc.) is an international mining and natural resources company. The Company is an iron ore producer and a producer of metallurgical coal. The Company’s operations are organized according to product category and geographic location: U.S. Iron Ore, Eastern Canadian Iron Ore, North American Coal, Asia Pacific Iron Ore, Asia Pacific Coal, Latin American Iron Ore, Ferroalloys, and its Global Exploration Group. The Company operates in four segments: U.S. Iron Ore, Eastern Canadian Iron Ore, North American Coal and Asia Pacific Iron Ore.
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Trade Details
Security Type Bond
Amount USD [Login to see full details]
Total Amount including taps USD [Login to see full details]
Total Amount Outstanding USD [Login to see full details]
Total Order Book USD [Login to see full details]
Structure Fixed Rate
Coupon [Login to see full details]
Reoffer [Login to see full details]
It came at a spread of [Login to see full details] in the Brownie bond market.
Term [Login to see full details]
Yield Notes [Login to see full details]
Trade Date [Login to see full details]
Settlement Date [Login to see full details]
Maturity Date [Login to see full details]

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A Brownie bond is an USD-denominated bond issued by a United-States entity in the USA Domestic Bond market.

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