India: The board of UltraTech Cement has voted to raise up to US$411m through issuance of US dollar-denominated bonds. The company will use the proceeds to refinance existing Indian Rupee debt, with the remainder reserved for regular on-going capital expenditure requirements and general corporate purposes.
UltraTech Cement’s board approves US$411m bond issuance
URL: https://globalcement.com/news/item/11962-ultratech-cement-s-board-approves-us-411m-bond-issuance
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