Bluescope Steel has increased the amount it plans to raise on the US debt market by two thirds to $US500 million ($A656 million).
The steelmaker, which is taking advantage of a ratings upgrade and improved fundraising conditions, said on Friday that strong demand from investors had presented the opportunity to increase the size of its offering from the $US300 million it announced earlier this week.
Australia's largest steelmaker, which in February reported its first-half net profit more than doubled to $200 million, reiterated that it intends to use the proceeds to repay an unsecured bridge finance facility loan.
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