JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
JSW Kalinga Steel is preparing to enter the corporate bond market with a planned debt issue worth up to Rs 9,500 crore. The company is expected to launch two five-year tranches, valued at Rs 6,000 crore and Rs 3,500 crore, as part of its debut fundraising through shorter-duration bonds. The issue is likely to be structured as zero-coupon instruments with put and call options, making it an important move in India’s steel and debt market space. The bonds have been rated AA by Crisil, supported by the expected backing of JSW Steel and Japan’s JFE Steel Corporation. Market participants believe strong demand may come from mutual funds, many of which are expected to join as anchor investors. This planned bond sale highlights growing confidence in steel sector financing and reflects how major companies are tapping capital markets for large-scale funding needs.
Also Read : Jindal Steel to Invest ₹75,000 Crore in Chhattisgarh Energy and Steel Projects JSW Steel’s February Crude Steel Output Drops 2% Amid Vijayanagar Expansion
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