19
Apr
12:49
JSW raises $900m loan for refinancing: reports
Indian steelmaking major, JSW Steel has secured INR 75 billion ($898.5 million) from a consortium of eight foreign banks to help with its refinancing of debt due to mature in April, and to help pre-pay high-cost borrowings, according to local reports.
The company has some sizeable repayments due this month. JSW aims to use this loan to help streamline its financial structure and use the remaining amount for capital expenditure towards future growth, Kallanish&nbs…
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Anonymous
Very good overview of the weekly steel market.
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