India New Issue-JSW Energy accepts bids for multiple tenor bonds, bankers say

JSW ENERGY

03/03/2025 06:30

MUMBAI, March 3 (Reuters) - India's JSW Energy JSWE.NS has accepted bids worth an aggregate of 12 billion rupees ($137.40 million) for bonds maturing in three years as well as five years, three merchant bankers said on Monday.

The company accepted bids worth 7 billion rupees and 5 billion rupees on these issues and will pay annual coupons of 8.75% and 8.80%, respectively.

It had invited commitment bids from bankers and investors for both the bonds on Monday, bankers said.

The company did not reply to a Reuters email seeking comment.

   Here is the list of deals reported so far on March 3:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
JSW Energy
3 years
8.75
7
March 3
AA (Icra, India Ratings)
JSW Energy
5 years
8.80
5
March 3
AA (Icra, India Ratings)
UltraTech Cement
3 years
To be decided
10
March 4
AAA (Crisil)
UltraTech Cement
5 years
To be decided
10
March 4
AAA (Crisil)

*Size includes base plus greenshoe for some issues

($1 = 87.3375 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

 ((Dharamraj.dhutia@tr.com))