Business Update15 Dec 2023, 04:55 am
JSW Steel USA Ohio Inc. to Issue $145 Million in Economic Development Revenue Bonds
AI Summary
The Jefferson County Port Authority plans to issue $145 million in economic development revenue bonds to extend a loan to JSW Steel USA Ohio, Inc., with an initial coupon of 5.00% and a tenor of around 30 years. Moody's Investor Service has assigned a rating of Bai (Stable) to the bonds.,
Key Highlights
- $145 million in economic development revenue bonds
- 5.00% initial coupon
- 30-year tenor
- Moody's Investor Service rating of Bai (Stable)