AK Steel Corporation, now known as Cleveland-Cliffs Inc. following a merger, was a major producer of flat-rolled carbon steel and stainless steel products for automotive, construction, and other industrial applications in the United States.
This financial instrument, an 8.375% bond with ISIN US001546AM29 and CUSIP 001546AM2, issued in the United States by AK Steel Corp, a significant American steel producer which was later acquired by Cleveland-Cliffs, recently matured and was fully repaid on March 31, 2022, at its 100% par value, having been a USD-denominated obligation originally part of a total issuance of $90,454,000 with a minimum purchase size of $1,000, which featured semi-annual interest payments and was rated B- by Standard & Poor's and B3 by Moody's during its active period.
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