JSW Steel completes full redemption of $400m notes

JSW Steel announced the full redemption of its US$400,000,000, 5.375% senior unsecured fixed rate Notes due in 2025. The notes, initially issued and allotted on October 4, 2019, have been fully redeemed by the company on April 4, 2025 in accordance with their original terms. This signifies the completion of the company's obligations related to these notes. JSW Steel has duly informed the National Stock Exchange of India and BSE Limited, where the company's stock is listed under the symbol JSWSTEEL and code 500228, respectively. The announcement ensures compliance with Regulation 30 (6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also communicated this development to the Singapore Exchange Securities Trading Limited.