The Finance Committee of the Board of Directors of JSW Hydro Energy Limited, a wholly-owned subsidiary of
JSW Energy Limited, has approved the issuance of USD denominated senior secured notes aggregating to $707 million.
US Dollars-denominated senior secured notes BB+ (EXP) Outlook – Stable by Fitch Ratings and (P) Ba1 Outlook – Stable by Moody’s Investors Service.
The use of proceeds will be used for the repayment of existing green project-related Rupee-denominated indebtedness. The Notes will be listed on the Singapore Exchange Securities Trading Limited (SGX- ST).
The Notes will bear interest from (and including) May 18, 2021 to (but excluding) May 18, 2031 at the rate of 4.125% per cent per annum, payable semi-annually in arear on May 18 and November 18 in each year. The first payment will be made on November 18, 2021.
At around 10.21 am, JSW Energy Ltd was trading at Rs122.00 per piece up Rs2.95 or 2.48% from its previous closing of Rs119.05 per piece on the BSE.