IFLR1000

JSW Steel $500 million high-yield issue

24/5/2017
High-yield bond/note issue
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$ 500 million

Announced

24/5/2017

Overview:

  • JSW Steel—an Indian manufacturer of steel products—has raised $500 million through a Regulation S high-yield bond issue.
  • This transaction is the most recent in a string of high-yield transactions out of India as interest from high-yield issuers from India and across Asia continues.
  • Some recent examples include Neerg Energy's debut $475 million high-yield offering; Vedanta Resources $1 billion high-yield offering; and Samvardhana Motherson Automotive Systems Group's $300 million high-yield offering.

Katrin Kostadinova - Data analyst

Jurisdictions:

China
India

Deal type:

High-yield bond/note issue

Practice area:

Capital markets : Debt

Governing law:

India

Industry sectors:

Banking
Financial services

Firm:
Allen & Overy

Party: Credit Suisse Securities (Joint lead manager)

Party: Citigroup Global Markets (Joint lead manager)

Party: BNP Paribas (Joint lead manager)

Party: Deutsche Bank (Joint lead manager)

Party: JP Morgan Securities (Joint lead manager)

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