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India's JSW Paints eyes 4, 5-year debt to refinance acquisition-led funding, bankers say
MUMBAI: India’s JSW Paints is likely to raise funds through issuance of bonds maturing in four years and five years and should go ahead with the sale in the next couple of weeks, two merchant bankers with direct knowledge of the matter said on Thursday. The company could look to raise around 30 billion rupees ($316.56 million), the bankers said. The bankers requested anonymity as they are not authorized to speak to media. JSW Paints did not reply to a Reuters email seeking comment. The proceeds of the latest debt issuance are likely to be used for the refinancing of an earlier fundraise the co...
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