JSW Steel refinancing debt
Months after acquiring a controlling stake in ailing Ispat Industries, JSW Steel is finalising the terms to refinance the debt of Rs 9500 crore. The company has launched a loan syndication of Rs 7000 crore through State Bank of India and Bank of India. NDTV has learnt that 40 per cent of its debt could be refinanced through ECBs, at rates much cheaper than what it is getting in the domestic market.
