Goldman Sachs has started the year with a bang, securing almost $8bn worth of capital market deal volume in Europe this week – the largest being steel maker ArcelorMittal’s $4bn capital raising.
This week, Luxembourg-headquartered ArcelorMittal priced $2.25bn in mandatory convertible notes, and $1.75bn in stock, in order to decrease the amount of debt on its balance sheet. Goldman Sachs was appointed global coordinator and joint bookrunner. Bank of America Merrill Lynch, Crédit Agricole and Deutsche Bank were appointed joint bookrunners.
