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Tata Steel begins to recast up to $2.5 billion of global debt

Tata Steel is set to launch a $1-billion bond issue as part of a mega financing exercise to streamline its international balance sheet before its European joint venture with Thyssenkrupp kicks off, said several people with knowledge of the matter. A formal announcement is expected on Saturday, they said.This will be among the largest fund-raising exercises that the group will be undertaking after N Chandrasekaran took over as Tata Sons chairman in February last year.
Source: Latest News

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