JSW Hydro raises $707M from Int'l Bond Markets through debut Green Bond Issue
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IANS
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Published on
Tue, May 11 2021 12:48 IST
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US dollar. (File Photo: IANS). Image Source: IANS News
Mumbai, May 11 : JSW Hydro Energy Limited has successfully priced a $ 707 million Fixed Rate Senior Secured Green 144A/Reg S Bond for a 10-year tenor at 4.125 per cent.
The proceeds from the issuance will be used towards repayment of existing green project-related Rupee-denominated indebtedness. The Green Bond Framework for the company's debut bond transaction has been reviewed by Sustainalytics, who has issued a Second Party Opinion.
The Company engaged with several investors on a global deal roadshow across Hong Kong, Singapore, London, New York and Los Angeles. Backed by a strong investor feedback, the transaction was launched with an initial price guidance of 4.500% area and tightened by 37.5 bps to 4.125 per cent as Final pricing.