JSW Steel has raised $400 million (₹2,800 crore) from international markets through issuance of bonds to fund its capex and refinance its existing loans and for general corporate purposes. “The notes will bear interest from October 4, 2019 to April 4, 2025 at the rate of 5.375% per annum, payable semi-annually in arrear on April 4 and October 4 in each year,” a company statement said, adding that the first payment will be made on April 4, 2020.