JSW Steel Ltd.

JSW Steel is reportedly planning to raise up to $700 million via overseas bonds. Funding raising plan is for replacing part of the high cost debt on the books of JSW Ispat which recently merged with JSW Steel. Further, the company is in talks with the banks for the bond issuance. Although, total debt burden of the company is over Rs 25,000 crore, JSW Ispat's debt, which amounts over Rs 7,000 crore is at a cost of over 10% interest.

JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. 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.