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JSW Steel to raise USD 1 billion via overseas bonds-The 19th China (Guangzhou)Int’l Fastener & Equipment Exhibition
3/13/2018 緊固件展-緊固件采購會-國際緊固件展-fastener expo |
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Mint, citing two people directly aware of the plans, reported that JSW Steel Ltd is tapping overseas bond investors to raise USD 1 billion to fund its plan to buy distressed assets in India. As per Mint report “JSW has hired investment banks JP Morgan, Citigroup and Deutsche Bank to manage the fund raising. The company plans to sell bonds that will mature between 5 to 7 years to overseas investors.”
The report quoted a source as saying that “The investor road shows will commence from this week and will be held in Hong Kong, Singapore and London. Part of the proceeds will be used towards funding working capital needs of company which may also include any new asset that the company may acquire that are up for sale in the ongoing bankruptcy process.”
-The 19th China (Guangzhou)Int’l
Fastener & Equipment Exhibition
- Fastener exhibition,2018 Fastener
exhibition, China Fastener exhibition, Guangzhou Fastener exhibition, 2018 Fastener
expo, China Fastener expo, Guangzhou Fastener expo
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