JSW plans $500 mln bond issue in the US

WSE-listed coal miner Jastrzębska Spólka Węglowa may issue $500 million worth of 7-10-year bonds, acting CEO Daniel Ozon said. The means from it would be used to refinance debt. The company might also issue bonds on the domestic market, as back in October it said that it might offer up to PLN 1.5 billion in bonds. According to Ozon, the pros of the US issue is prolonged repayment timetable (vs 5-year long maximum for bank financing in Poland) and larger investors interest in this kind of deals.