Biocon Biologics plans to raise Rs 4,000-4,500 crore via local bonds: Report
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Biocon Biologics Ltd., a biopharmaceutical company, is considering raising between Rs 4,000 crore and Rs 4,500 crore from India’s local-currency bond market in the coming months. People familiar with the matter revealed that the company is currently engaged in discussions with banks for the issuance.
The people, who preferred to remain anonymous due to the confidentiality of the details, disclosed that the funds from this bond sale are intended to refinance debt that was previously incurred for financing an acquisition. However, the exact terms of the bond issuance are yet to be finalized.
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