Mumbai: Sajjan Jindal-controlled JSW Energy NSE 0.54 % is planning to raise up to $1 billion in a maiden dollar bond sale, seeking to catch up with rivals such as Adani NSE -2.59 % and the Tatas in expanding its footprint in clean energy projects. These would be the so-called green bonds, compliant with the crucial ESG (Environment, Social and Governance) theme.
The company will likely use the proceeds to fund the acquisition of solar projects in South India and to refinance high-cost rupee debt taken for the Jaypee Himachal deal, said three people with direct knowledge of the matter. “The company is seeking to raise about $700 million to $1 billion by June, tapping into the global pool of liquidity,” one of the persons cited above told ET. JSW declined to comment.
