Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____
NOTICE TO THE MARKET
COMPANHIA SIDERÚRGICA NACIONAL
Publicly-Held Company
Rua São José nº 20, Grupo 1602, parte - Rio de Janeiro/RJ
Corporate Taxpayers’ ID (CNP)J. 33.042.730/0001-04
CSN issues US$1 billion in bonds with maturity in 2020
Companhia Siderúrgica Nacional (CSN) announced that it priced today the issuance, through its wholly-owned subsidiary, CSN Resources S.A., of bonds totaling US$1 billion at a rate of 6,5% p.a. and maturity in July 2020 according to the U.S. “Rule 144A and Regulation S of the United States of America”. The bonds' price was 99.096%, and they will be guaranteed by CSN. Funds raised with the issue will be used to lengthen the group's indebtedness profile as well as to general corporate purposes.
The notes were not and will not be registered according to the U.S. Securities Act of 1933 and cannot be offered or sold in the United States of America. Therefore, the bonds will not be registered with the U.S. Securities and Exchange Commission or any other capital-market regulatory agency or body in any other county; and thus, the bonds cannot be offered or sold in the U.S. without an applicable registration exemption. Once the notes will not be offered or placed in Brazil, they will also not be registered with the Brazilian Securities and Exchange Commission (CVM). This notice does not constitute an offer for the sale or bid for any securities.
Companhia Siderúrgica Nacional
Paulo Penido Pinto Marques
Investor Relations Officer
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COMPANHIA SIDERÚRGICA NACIONAL | |
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By: |
/S/ Benjamin Steinbruch
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Benjamin Steinbruch
Chief Executive Officer | |
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By: |
/S/ Paulo Penido Pinto Marques
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Paulo Penido Pinto Marques
Chief Financial Officer and Investor Relations Officer | |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.