Dollar Debt

Essar Steel raises $1 bn to pre-pay Rupee debt

Essar Steel on Monday said that it has raised $1 billion through long-term export securitisation which it will use to pre-pay existing rupee debt under its strategy to dollarize its balance sheet.

Why Reliance is raising more $ loans even as it sits on a huge hoard of cash

Why is Reliance taking on more debt even as it sits on $14.4 billion in cash? What is the logic? Should the unused money be returned to shareholders?