India New Issue-JSW Energy accepts bids for multiple tenor bonds, bankers say
19/03/2025 08:44
MUMBAI, March 19 (Reuters) - India's JSW Energy JSWE.NS has accepted bids worth an aggregate of 8 billion rupees ($92.5 million) for bonds maturing in three years and in five years, three merchant bankers said on Wednesday.
The company will pay an annual coupons of 8.75% and 8.80% on the three-year and five-year bonds, respectively, and had invited bids from bankers and investors earlier in the day, bankers said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on March 19:
| Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
| JSW Energy | 3 years | 8.75 | 4 | March 19 | AA (Icra, India Ratings) |
| JSW Energy | 5 years | 8.80 | 4 | March 19 | AA (Icra, India Ratings) |
| IIFL Finance | 13 months | 9.90 | 4 | March 19 | AA (Crisil) |
| IREDA | perpetual | 8.40 | 12.47 | March 19 | AA+ (Icra, India Rating) |
| SIDBI | 5 years | 7.39 | 60 | March 19 | AAA (Crisil, Care) |
| Hindustan Zinc | 3 years | 7.75 | 5 | March 19 | AAA (Crisil) |
| NABARD | 3 year and 6 months | 7.48 | 70 | March 19 | AAA (Crisil, India rating) |
| Bajaj Finance | 4 year and 11 months | 7.80 | 5.45 | March 18 | AAA (Crisil) |
| NIIF Infra Finance | 7 year and 2 months | 7.93 | 6.83 | March 18 | AAA (Care, Icra) |
Recent news on JSW ENERGY
See all newsJefferies raises India power demand estimate after strong October
Brief: JSW Energy Approves Raising Of Long Term Funds Up To 50 Billion Rupees
Brief: JSW Energy Q2 Consol Revenue From Operations 63.68 Billion Rupees
Brief: JSW Energy To Consider Issuance Of Non-Convertible Debentures On Private Placement Basis
India's JSW Energy rises on capacity addition