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Tata Steel to Raise $1.75b via European Unit
November 25, 2019
Tata Steel is raising $1.75b through its European unit to lower the borrowing costs.
The company says that the fund raising should help cut borrowing cut at least to 100 basis points.
The net debt Tata Steel is increased by almost 4% in three months to September.
The syndication is likely to launch in the next few weeks and the proceeds would be used for refinancing and other business purposes.
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