جے ایس ڈبلیو اسٹیل نے ایل آئی سی – منی کنٹرول ڈاٹ کام سے 2 ہزارکروڑ روپے کی رقم وصول کی

جے ایس ڈبلیو اسٹیل نے ایل آئی سی – منی کنٹرول ڈاٹ کام سے 2 ہزارکروڑ روپے کی رقم وصول کی


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Last Updated : Oct 18, 2019 12:48 PM IST | Source: Moneycontrol.com

The steelmaker had in September raised $400 million through a bond offering to international investors

JSW Steel has raised Rs 2,000 crore from Life Insurance Corporation (LIC) through a bond offering. The company has raised fresh funds from 10-year bonds, at a yield of 8.79 percent payable quarterly, a source told Moneycontrol. 

The steelmaker had in September raised $400 million through a bond offering to international investors. The bonds had a term of 5.5 years and priced at a yield of 5.375 percent, sources said.

The funds from LIC will be used to meet long-term working capital requirements, refinancing of existing debt, general corporate purpose and ongoing capital expenditure, JSW Steel said in a statement.

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First Published on Oct 18, 2019 10:57 am