JSW Steel raises $1 billion through Bonds
17th Sep 2021

JSW Steel has raised $1 billion through the issuance of Sustainability Linked Bonds (SLBs) in the overseas market. It has become the first company in the steel sector globally to issue USD denominated Sustainability Linked bonds. The company raised a total of $1 billion in the USD bond markets through a RegS/144A issuance which was subscribed by high-quality institutional investors across Asia, Middle East, Europe, and the $1 billion is more than Rs 7,300 crore.

The issuance comprised two tranches of bonds having tenures of 5.5 years and 10.5 years, each for an amount of $500 million.

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.