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US-based steel producer AK Steel Holding Corporation on December 7, an affiliate of the AK Steel Corporation, 2020 7.625% interest rate futures and bonds worth $ 150 million initial public offering announced that. The bonds, issued before the market was offering the same qualities in addition to bonds.

AK Steel, the bonds pay interest twice a year (between May 15 and November 15) to perform. Payments will begin from the date of 15 November 2010.

AK Steel, to be obtained from the sale of revenue bonds to want to use general corporate purposes. IPO, expected to be completed on December 9, 2010.

BofA, Merrill Lynch, Credit Suisse, J.P. Morgan, Morgan Stanley, UBS Investment Bank and Wells Fargo Securities, as the process jointly managed institutions of the tool.