JSW Steel has received approval for the issuance of fixed rate senior unsecured notes aggregating to $500 million and the pricing, tenure and other terms of the Notes. The proceeds of the Notes will be used by the Company to repay external commercial borrowing loans, for capital expenditure or any other purpose in accordance with the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018.
The Notes will be listed on the Singapore Exchange Securities Trading (SGX- ST). The maturity date of the instrument is April 18, 2024.
JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.
