Kalyan Jewellers will raise up to $ 200 million through its subsidiary, Kalyan Jewellers FZE, to refinance old debt. The subsidiary will issue senior US dollar-denominated fixed-rate notes (bonds).
Rating agency Standard and Poor’s (S&P) has assigned a preliminary 'B' long-term issuer credit rating to Kalyan Jewellers India Ltd (KJIL) and the proposed senior secured notes issued by Kalyan Jewellers FZE.
Rating agency Standard and Poor’s (S&P) has assigned a preliminary 'B' long-term issuer credit rating to Kalyan Jewellers India Ltd (KJIL) and the proposed senior secured notes issued by Kalyan Jewellers FZE.