Tata Steel looking to raise up to $3.1 billion via overseas loans

Tata Steel Ltd. | Steel & Iron Products | Metals & Mining | BSE: 500470 | NSE: TATASTEEL

17 Jul 2018 Evaluate

Tata Steel is looking to raise up to $3.1 billion through overseas loans in a bid to repay existing high-cost debt, ahead of the merger of its European operations with German steel giant Thyssenkrupp. The company has begun negotiations with multiple banks, including Barclays, JPMorgan, Mitsubishi UFJ Group, DBS Bank and Citigroup.

Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.

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