JSW chooses banks for Eurobond issue

Coal mining company Jastrzębska Spółka Węglowa has chosen Credit Suisse, JP Morgan, ING Bank and PKO Bank Polski as partners for its new Eurobond issue. The banks will serve as global coordinators and bookrunners. At the beginning of August, JSW issued 70,000 bonds worth PLN 700 million and 16,370 bonds worth $163.75 million. The capital raised was used to acquire the Knurów-Szczygłowice coal mine, reported ISBnews. JSW is to meet with US American and British investors for discussion starting November 22. The value of the company's liabilities at the end of June amounted to PLN  1,286.30 million.