Tata Steel plans to raise $1.24 billion through sale of bonds: Report

Tata Steel is reportedly planning to raise $1.24 billion overseas via the sale of bonds by one of its Singapore entities. This is part of a mega $7 billion debt refinancing initiative for Tata Steel Europe, formerly known as Corus. Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.