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Clues by NC Team • 11 Apr 2019, Thursday

JSW Steel, India's largest maker of the alloy, on Wednesday completed raising $500 million by selling dollar bonds. The company received subscriptions worth $1.75 billion, about four times the issue size. The dollar-denominated bonds, maturing in five years, offered 5.95%. The company would use the proceeds to expand capacity at its Vijayanagar plant in Karnataka. 

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