India New Issue-JSW Energy to issue multiple-tenor bonds, bankers say

JSW ENERGY

19/03/2025 04:02

MUMBAI, March 19 (Reuters) - India's JSW Energy JSWE.NS plans to raise an aggregate of 8 billion rupees ($92.3 million) by selling 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 three-year and five-year bonds, respectively.

It has invited commitment bids from bankers and investors for both the bonds later 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
3+1
March 19
AA (Icra, India Ratings)
JSW Energy
5 years
8.80
4
March 19
AA (Icra, India Ratings)
IIFL Finance
13 months
To be decided
4+2
March 19
AA (Crisil)

*Size includes base plus greenshoe for some issues

($1 = 86.6575 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Varun H K)

 ((Dharamraj.dhutia@tr.com))