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.
First Published on Oct 18, 2019 10:57 am