SINGAPORE: Periama Holdings LLC, a wholly owned indirect subsidiaries of JSW Steel Limited, is considering conducting an international offering of U.S. dollar denominated senior notes in an aggregate principal amount of up to $1.0 billion.
The Notes would be guaranteed by Periama Holdings. The proceeds of the issue will be used for repayment of part of the existing indebtedness owed to the company including interest thereon and for general corporate purposes.
The pricing of the Notes, including the aggregate principal amount, the offer price and the interest rate, would be determined through a book building exercise to be conducted by joint lead managers and bookrunners.
Upon finalizing the terms of the Notes, Periama Holdings and the issuer would enter into a subscription agreement with the Joint Lead Managers with respect to the Issue.
Amongst the leading conglomerates in India, JSW Group is a $12 billion company. It is an integral part of the O. P. Jindal Group, and has been a part of major projects that have played a key role in India’s growth.
Ranked among India’s top business houses, JSW’s innovative and sustainable ideas cater to the core sectors of Steel, Energy, Cement and Infrastructure. The Group continues to strive for excellence with its strength, differentiated product mix, state-of-the-art technology, excellence in execution and focus on sustainability.
From its humble beginnings in steel, the JSW Group has expanded its presence across India, South America, South Africa & Europe. Through its CSR projects, it also continues to participate in and initiate activities that assist in improving those areas of our country that lack resources. JSW is known to be the “strategic first mover” to venture away from status quo, have the conviction to make fundamental changes and drive operational excellence on its quest to become better everyday.
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