JSW Group firms plan $300 million debt sales, bankers say
MUMBAI: Two JSW Group firms will raise a total of around 28.5 billion rupees ($298 million) through shorter-tenor bonds in the October-December quarter, a couple of bankers said on Monday. JSW Energy plans to raise around 15 billion rupees through up to five-year bonds, while JSW Steel could raise around 13.5 billion rupees via three-year or four-year debt, the bankers said, requesting anonymity…
Two JSW Group entities intend to raise approximately 28.5 billion rupees ($298 million) via shorter-duration bonds during the October-December quarter, according to multiple bankers who spoke on condition of anonymity. JSW Energy aims to secure around 15 billion rupees through up to five-year bonds, while JSW Steel could raise approximately 13.5 billion rupees through three-year or four-year debt, the unnamed sources explained.
The firms may seek to tap the market in October if prevailing interest rates are advantageous, the bankers noted.
JSW Energy's bonds are currently rated "AA" by India Ratings, reflecting their status as financially stable entities capable of meeting their debt obligations. The company has approximately 25 billion rupees in outstanding bonds, primarily coming from thermal, hydro, and renewable power operations. In March 2025, JSW Energy had previously issued 8 billion rupees in three-year and five-year bonds at interest rates of 8.75% and 8.80%, respectively.
JSW Steel, rated "AA+" by ICRA and India Ratings, has outstanding bonds worth over 61 billion rupees. The company last accessed the bond market over two years ago, raising 22.5 billion rupees through five-year and seven-year papers at interest rates of 8.35% and 8.43%, respectively.
Written by urgent.news from Business Recorder's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
