Tata Steel bags $1.5bn from Indian HY feast
![Steel_pipe_resized_230px](https://assets.euromoneydigital.com/dims4/default/6c6b9cf/2147483647/strip/true/crop/230x150+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F80%2F82%2F270608df9aac54faaca1712ed758%2Fstainless-steel-seamless-pipe-and-tube.jpg)
Tata Steel closed its first international bond on Thursday, July 24, as it looks to refinance loans from its 2008 acquisition of Corus. Despite pricing on a day when the Indian high yield sector saw $2.4bn of new issues, the trade nonetheless pulled in bids worth $9.1bn.
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