General Announcement::Raising of Long Term Funds.

Issuer & Securities

Issuer/ Manager
JSW STEEL LIMITED
Securities
JSWSTEELUS$500M3.95%N270405A - US46635UAC36 - UZQB
JSWSTEELUS$500M3.95%N270405R - USY44680RV38 - WRSB
JSWSTEELUS$500M5.05%N320405A - US46635UAD19 - 9NWB
JSWSTEELUS$500M5.05%N320405R - USY44680RW11 - SKYB
JSWSTEELUS$500M5.95%N240418 - XS1981202861 - VA4B
JSWSTEELUS$400M5.375%N250404 - XS2049728004 - OGGB
JSWSTEELUS$500M4.75%N191112 - XS1133588233 - 20PB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
25-Jan-2024 19:04:09
Status
New
Announcement Sub Title
Raising of Long Term Funds.
Announcement Reference
SG240125OTHR6GTT
Submitted By (Co./ Ind. Name)
JSW Steel Limited
Designation
Company Secretary
Effective Date and Time of the event
25/01/2024 15:05:00
Description (Please provide a detailed description of the event in the box below)
We hereby inform you that at the Board meeting held today, the Board has approved the raising of Long-Term Funds subject to applicable regulatory approvals and market conditions, through Issuance of Secured/Un-secured, Redeemable, Non-Convertible Debentures not exceeding Rs. 2,000 crores, by way of private placement and/or by way of public issuance, in one or more tranches, in the domestic market, to be used, inter alia, to replace short maturity loans, meet long-term working capital requirements, capital expenditure / reimbursement of capex already incurred, mining capex/ upfront payments, investment in subsidiaries for capex and/ or for general corporate purposes.

The Board has also authorised the Finance Committee , a sub-committee of the Board of Directors, to decide on all matters relating to the aforesaid proposed issuance including finalisation and approval of the detailed terms and conditions of issue and the number of Securities to be issued.

Attachments

fundraising.pdf
Total size =198K