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

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.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .