JSW Paints Plans Four- and Five-Year Bonds to Refinance Acquisition Funding, Bankers Say
JSW Paints is likely to tap the debt market with bond issues maturing in four and five years to refinance acquisition-related borrowing, according to two merchant bankers with direct knowledge of the plan. The company is expected to move ahead with the sale within the next couple of weeks, underscoring how Indian corporates are using local debt markets to manage funding raised for strategic purchases.
