JSW Energy, JSW Steel plan to raise $300 million through bonds in Oct-Dec
JSW Energy plans to raise around ₹1,500 crore through up to five-year bonds, while JSW Steel could raise around ₹1,350 crore via three-year or four-year debt
JSW Energy and JSW Steel plan to raise a total of around $298 million through bonds in the October-December quarter. According to Hindu BusinessLine, JSW Energy aims to raise around ₹1,500 crore through bonds with terms of up to five years, while JSW Steel could raise around ₹1,350 crore via three-year or four-year debt.
The bond issuances are expected to be in the domestic market, with JSW Energy's bonds rated AA by India Ratings and JSW Steel having a rating of AA+ from ICRA and India Ratings.
JSW Energy has around ₹2,500 crore of outstanding bonds, while JSW Steel has over ₹6,100 crore outstanding. Business Standard reports similar plans for the two companies, with JSW Energy and JSW Steel looking to raise funds through bonds.
Brief written by urgent.news from Business Standard IN, Hindu BusinessLine — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- JSW Group firms plan $300 million debt sales thehindubusinessline.com
