New Issue: JSW Steel’s Periama subsidiary sells $500 million 5.95% notes due 2026

By Marisa Wong

Los Angeles, Oct. 19 – Periama Holdings, LLC issued $500 million of 5.95% notes due 2026 on Monday, according to a notice.

The notes (Ba2//BB-) are guaranteed by JSW Steel Ltd.

Deutsche Bank AG, Singapore Branch, Credit Suisse (Hong Kong) Ltd., Standard Chartered Bank, BNP Paribas, Citigroup Global Markets Ltd., Mashreqbank psc and Mizuho Securities Asia Ltd. are the bookrunners.

Periama is a Beckley, W.Va.-based coal mining, quarrying and oil extraction services company. Periama is an indirect wholly owned subsidiary of JSW Steel. The steelmaker is based in Mumbai.

Issuer:	Periama Holdings, LLC
Guarantor:	JSW Steel Ltd.
Issue:	Notes
Amount:	$500 million
Maturity:	April 19, 2026
Bookrunners:	Deutsche Bank AG, Singapore Branch, Credit Suisse (Hong Kong) Ltd., Standard Chartered Bank, BNP Paribas, Citigroup Global Markets Ltd., Mashreqbank psc and Mizuho Securities Asia Ltd.
Coupon:	5.95%
Issue date:	Oct. 19
Ratings:	Moody’s: Ba2
	Fitch: BB-

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