Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

European Coal and Steel Community Deal - Lehman Brothers Collection

European Coal and Steel Community

Company Deal$25,000,000 5 1/2% secured bonds (seventh series), $7,000,000 serial secured notes (eighth series), $3,000,000 bank loans (ninth series)
Transaction TypeSecured Bonds
Deal DescriptionThe European Coal and Steel Community used the proceeds from this transaction to make loans to coal and steel enterprises. It was expected that such proceeds would be used to provide a part of the funding for the expansion of facilities for the beneficiation of iron ore and the production of pig iron, thus leading directly or indirectly to a decrease in the relative consumption of scrap. The majority of loan applications for such projects that had been received by the high authority were from German and Italian Enterprises.
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