5.95% fixed rate senior unsecured notes issued by Periama Holdings LLC, have matured in the normal course as per the terms of their issuance, and have been fully redeemed on April 20, 2026 by the Issuer.
JSWSTEEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
JSW Steel's subsidiary Periama Holdings LLC has fully redeemed $750 million in 5.95% senior unsecured notes on April 20, 2026. The notes, issued in two tranches ($500M in October 2020 and $250M in December 2020), matured as per their scheduled terms. The repayment was funded via a loan from JSW Steel to Periama Holdings. All related payments have been made, and the corporate guarantee provided by JSW Steel has now terminated. The notes were listed on the Singapore Exchange.
Positive for JSW Steel as this eliminates a $750M liability and terminates the associated guarantee obligation, reducing contingent liability exposure for the parent company.