JSW Paints Plans 30B Rupee Bond Sale
India's JSW Paints plans to raise up to 30 billion rupees through four and five year bonds to refinance debt from its acquisition of Akzo Nobel India. The sale is expected to launch in the coming weeks.
Insights:
JSW Paints is preparing to raise 30 billion rupees ($316.56M) through four-year and five-year bonds to refinance acquisition debt. The funding round is expected to launch in the coming weeks, according to two merchant bankers familiar with the matter. The capital restructuring follows the firm's takeover of Akzo Nobel India last year.
