US steel imports gain momentum in February JSW, Hindalco, Jindal Stainless in focus JSW steel arm plans major debt market debut
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.
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