Global steel giant Arcelor Mittal said on Tuesday that the $ 750 million (Rs 3,500 crore through issue of convertible bonds) has been raised by

Its wholly-owned arm based in Luxembourg.

For income from bonds and the Turkish Eregli Demir Celik Fabrikalari and MacArthur Coal Ltd. of Australia, both of which are held by subsidiaries of ArcelorMittal shares will be helped by investment funds associated note.

Bond’s Caylon Personally, an investment affiliate of Luxembourg - has been with Credit Agricole banking subsidiary.

“Bond 17-month maturity and would ArcelorMittal says it in the first year of maturity,” the company said in a statement to be eligible.

The company said that in consultation with investment bankers Assistant also can invest in other financial instruments.

“Arcelor Mittal’s no intention of selling his stake in Erdemir or MacArthur’s,” the statement added.

Arcelor Mittal’s consolidated financial statements, the mandatory convertible bonds are recorded as minority interest and credit is likely, the company said.