JSW Steel, one of India's top domestic steel producers, is reportedly planning to raise about $500 million through a bond issue from overseas investors. The company will use this fund to refinance its existing debt and for routine capital expenditure. The bond sale may open for subscription within the next 10-15 days and could be of five to seven-year maturities.
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. The company has reported crude steel production of 12.65 million ton (MT) in February 2017 with a growth of 25% over the corresponding month in 2016.
