India New Issue-JSW Energy to issue multiple tenor bonds, bankers say
28/02/2025 11:10
MUMBAI, Feb 28 (Reuters) - India's JSW Energy JSWE.NS plans to raise 12 billion rupees ($137.3 million) by selling bonds maturing in three years as well as five years, three merchant bankers said on Friday. The company will pay an annual coupon of 8.75% and 8.80%, respectively, on these issues and will aim to raise 7 billion rupees and 5 billion rupees, they said. It has invited commitment bids from bankers and investors for both the options on Monday, they said. The company did not reply to a Reuters email seeking comment. Here is the list of deals reported so far on February 28:
| 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) |
| 360 One Prime | 2 years | 9.40 | 5+1 | March 3 | AA (Icra) |
| Aditya Birla Finance July 2028 reissue | 3 years and 4 months | 7.96 (yield) | 7 | February 28 | AAA (Crisil) |
| LIC Housing Oct 2027 reissue | 2 years and 8 months | To be decided | 5+9 | March 3 | AAA (Crisil, Care) |
| Canfin Homes | 1 year and 10 months | To be decided | 5+5 | March 3 | AAA/Stable (Icra) |
| Capital Infra Trust | 13 years | To be decided | 11.63 | March 3 | AAA (Crisil) |
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