JSW Hydro Energy raises $ 707 million via green bonds overseas
JSW Energy on Tuesday said that its arm JSW Hydro Energy has raised USD 707 million through green bonds abroad.
“JSW Hydro Energy raises USD 707 million from international bond markets through debut Green Bond Issue under 144A / Reg S format,” a JSW Energy statement said.
According to statement, JSW Hydro Energy has priced the 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, it said.
The green bond framework for the company’s debut bond transaction has been reviewed by Sustainalytics, who has issued a second party opinion.
