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JSW Hydro Energy to issue dollar-denominated notes to raise funds

JSW Energy on Tuesday said its arm JSW Hydro Energy will issue USD-denominated notes (green bonds) in overseas markets to raise funds. However, the company did not disclose the amount to be raised under this issue.

This issue is part of a total notes programme of USD 750 million of JSW Hydro Energy, which was approved by the board of JSW Hydro Energy on March 26, 2021.

“The issuer (JSW Hydro Energy) is proposing, subject to market conditions and certain conditions precedent, an issue of debt instruments in the form of US dollar denominated senior secured notes,” a BSE filing said

The issuer is a wholly-owned subsidiary of JSW Energy Limited.

The notes will be secured by, inter alia, assets of the Issuer and a pledge over 51 per cent of the equity shares of the Issuer held by the company, it said.

Source
ET Energy World
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