India's JSW pays up for bond deal

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By Morgan Davis
13 Oct 2020

JSW Steel sold a $500m bond on Monday, but the issuer paid some 30bp of premium to close the trade.

The Indian borrower, which is rated Ba2/—/BB-, last sold a dollar bond in September 2019, according to Dealogic. The $400m 5.375% 5.5 year trade was spotted at a mid-yield to worst of 5.1% on Monday.

Lead managers and bookrunners BNP Paribas, Citi, Credit Suisse, Deutsche Bank, ...

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