General Announcement::Guarantee on behalf of to secure the repayment of the Bonds

Issuer & Securities

Issuer/ Manager
JSW STEEL LIMITED
Securities
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-Aug-2021 12:41:07
Status
New
Announcement Sub Title
Guarantee on behalf of to secure the repayment of the Bonds
Announcement Reference
SG210825OTHRAHFI
Submitted By (Co./ Ind. Name)
JSW Steel Limited
Designation
Company Secretary
Effective Date and Time of the event
25/08/2021 10:09:00
Description (Please provide a detailed description of the event in the box below)
JSW Steel USA Ohio, Inc., incorporated under the laws of Ohio (the "JSW Ohio"), a wholly owned indirect subsidiary of JSW Steel Limited (the "Company"), is considering a proposal for raising long term funds of more than 30 years in the municipal bond markets in the USA. The Jefferson County Port Authority, a port authority and a body corporate and politic organized and existing under the laws of the State of Ohio ( Port Authority ) will be issuing special, limited obligations bonds (the Bonds ), the proceeds of which will be utilised for extending a loan (the Loan ) to JSW Ohio. The Bonds will be repaid out of proceeds from repayment of loan received from JSW Ohio and the Bondholders will have no recourse to the JCPA. The Company shall provide a guarantee on behalf of JSW Ohio, which will be utilised to secure the repayment of the Bonds.

Details are attached

Attachments

SEBonds.pdf
Total size =3633K