JSW Steel has said that its board will be meeting next week for considering of raising of long term funds through issue of non convertible debentures (NCDs) and fixed rate bonds.

JSW Steel has said in a BSE filing that a meeting of the company’s Board of Directors is to be held on May 17 and it “would be considering raising of long terms funds.”

It further said that the funds will be raised through issuance of redeemable NCDs by way of placement and issuance of non convertible senior unsecured fixed rate bonds denominated in foreign currency or rupee, in the international markets.

However, the company did not elaborate on the quantum and purpose of raising funds.

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