AAA

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

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Overview
Analysis

ALGO5781894 analysis



Key facts


Issuer
Algoma Steel, Inc.
Issue date
Apr 5, 2024
Maturity date
Apr 15, 2029
Outstanding amount
‪350.00 M‬USD
Face value
1,000.00USD
Minimum denomination
2,000.00USD
Coupon
9.13% (Fixed)
Yield to maturity
8.75%
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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