JSW Hydro Energy raises $707 million via maiden green bond
May 11, 2021
Priced at 4.125 per cent for a 10-year tenor
JSW Hydro Energy, which has the largest hydro power portfolio by capacity in the private sector in India, has raised $707 million through its maiden international bond issue.
The Fixed Rate Senior Secured Green 144A/Reg S Bond for a 10-year tenor was priced at 4.125 per cent.
The proceeds from the issuance will be used to repay existing green project-related rupee-denominated debt.
The company had engaged with several investors on a global deal roadshow in Hong Kong, Singapore, London, New York and Los Angeles.
JSW Hydro Energy Limited raises USD 707mn from International Bond Markets through debut Green Bond Issue under 144A / Reg S format equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
JSW Hydro raises $707M from Int l Bond Markets through debut Green Bond Issue
By IANS |
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.