JSW Steel has approved the issuance of fixed rate senior unsecured notes (the Notes) aggregating to US$ 1 billion, in two series of U.S.$500 million each, (the Issue and each series of Notes being, Series
1 and Series 2, respectively) and has approved the pricing, tenure and other terms of the Notes.
The proceeds of the Series 1 Notes will be used by the Company for capital expenditure and the proceeds of the Series 2 Notes will be used by the Company for repayment / prepayment of debt and/ or any of the other purposes permitted by the ECB Regulations.
The Notes will be listed on the Singapore Exchange Securities Trading.
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