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JSW Steel to raise funds up to Rs 3,500 crore via domestic bond: Report

JSW Steel to raise funds up to Rs 3,500 crore via domestic bond: Report

JSW Steel is reportedly planning to raise funds up to Rs 3,500 crore via a domestic bond sale to partly finance its Rs 19,500-crore acquisition of Bhushan Power & Steel. The company is aiming to sell about Rs 3,000-3,500 crore of bonds and for this purpose the company is in discussion with lenders Standard Chartered, Credit Suisse and Deutsche Bank.

JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.

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