Dec. 10 (Bloomberg) — BlueScope Steel Ltd. , Australia’s largest steelmaker, plans to sell A$550 million ($364 million) in stock to institutions and existing shareholders to help reduce debt as demand weakens and credit market uncertainty gains.

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This entry was posted on Wednesday, December 10th, 2008 at 4:19 pm and is filed under Debt. You can follow any responses to this entry through the RSS 2.0 feed.