FINSIGHT

JSW Steel Ltd

Deals

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CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
USD	500.000	5	Apr-27	Sr. Unsecured	Ba2	NR	BB-	Fixed	YLD	-	4.375% a	-	3.95%	-	99.99900
USD	500.000	10	Apr-32	Sr. Unsecured	Ba2	NR	BB-	Fixed	YLD	-	5.5% a	-	5.05%	-	100.00000

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Tranche Comments

5 yr: First Pay: 2022-04-05; Registration: 144A/Reg S; Comments: USD500m 5yr 3.95% fxd. snr unsec, bmk RegS/144A. Ba2/NR/BB-. CS/DB/StCh/Axis/BNPP/Miz/MUFG/SBI. 4.375%a. Mixed. Combined Bks with long 10yr SLB>US$4.7bn from 245 accounts. Distribution: US 19% EMEA 42% ASIA 39%/ FM/AM 80% BANKS 13% PB 7%; 10 yr: First Pay: 2022-04-05; Registration: 144A/Reg S; Comments: USD500m 5.05% long 10yr fxd. snr unsec, bmk, Sustainable (SRI), Green GCP KPI -linked (SRI), ESG/SRI/Green RegS/144A. Ba2/NR/BB-. CS/DB/StCh/Axis/BNPP/Miz/MUFG/SBI. 5.5%a. Mixed. One time coupon step-up of 37.5bps if SPT not achieved. Combined Bks with long 5yr portion>US$4.7bn from 245 accounts. Distribution: US 29% EMEA 35% ASIA 36%/ FM/AM 93% BANKS 2% PB 5%;

Deal Comments

ESG / Green Yankee Bond

Use of Proceeds

Capital expenditure and pre-payment or repayment of debt

Reset

Yes

JSW Group

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CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
NGK	501.000	3.8	Dec-06	Pm. Nrgagimao	Sp2	-	RR	Bptgw	ENL	-	5.50% a	-	5.38%	-	201.00000

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Tranche Comments

5.5 ql: Registration: Rxs W Hrna; Comments: RFS400m 5.5lr bwy. ykr qkyqx WquF. Bq2/BB. FmTh/THR/Bqrx/BHTT/Thmh/TF/SB/1TSB/BTU/Uhm/XHX. 5.50% qrqq. TqxTw;

Use of Proceeds

TguXr

JSW Group

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CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
JJZ	557.000	8	Jul-10	Iz. Flmqwazqw	Ss2	-	EE	Bajlb	CUT	-	6.25% z	-	5.95%	-	997.00000

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Tranche Comments

5 bl: Book size: 594; Registration: Cbd X Nznw; Comments: OTH500o 5lj 5.950% Qxw. voq, wmj bmwek Veu T cmgl. Uj2/UU. HU/WFX/UFTT/Nfof/NT/1WHU/TTT/Tfp/TUHNWTT/ToNl. 6.25% jjej. Tfxew;

Use of Proceeds

Qbhbrap Cpreprapb Xhrepebe

JSW Group

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