Early redemption of US$ 500,000,000, 3.95% Notes due 2027
JSW Steel has fully redeemed its US$ 500,000,000, 3.95% Notes due 2027.
- Notes aggregate size
- US$ 500,000,000
- Coupon on the notes
- 3.95%
- Date of full redemption
- October 7, 2026
What the company told the exchanges
- JSW Steel issued fixed rate, unsubordinated, unsecured notes carrying a 3.95% coupon, aggregating to US$ 500,000,000, with the notes originally due for repayment on April 5, 2027.
- The company exercised its right for early redemption as per the terms of the notes.
- It prepaid all obligations under those notes and fully redeemed them on October 7, 2026.
How to read this
The disclosure is an intimation that the notes, which were scheduled to be repaid in 2027, have been settled ahead of that date. The notes are described in the update as unsubordinated and unsecured, and the amount involved was US$ 500,000,000, carrying a 3.95% coupon.
The update states that the company exercised its early redemption right and prepaid all obligations under the notes, and that the notes have consequently been fully redeemed.
The numbers in the update
- Notes aggregate size: US$ 500,000,000
- Coupon on the notes: 3.95%
- Original due date for repayment: April 5, 2027
- Date of full redemption: October 7, 2026
What this means in simple terms
A company can repay a bond before its scheduled due date if the terms allow it. Here, the notes that were to run until 2027 have been repaid in full, and the obligations under them have been prepaid. The update records the action taken and the amounts involved.
Also from JSW Steel
Board Meeting on October 23, 2026 to Consider Q2 & Half-Year Results
28 Sep 2026
JSW One Platforms files DRHP with SEBI for proposed IPO
25 Sep 2026
More numbers
- Aggregate size of the 3.95% Notes due 2027US$ 500,000,000
- Coupon on the Notes3.95%
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