by Amruth Sundarkumar | Sep 6, 2021 | High Yield Bonds, India
Indian steelmaker JSW Steel is said to be lining up a $1bn bond issuance to ramp up capacity and lower funding costs. As per ET sources, JSW has hired Deutsche Bank, Standard Chartered, JP Morgan and BNP Paribas for the proposed issuance, which is expected to launch...
by Megha Malhotra | Aug 18, 2021 | High Yield Bonds, India
JSW Group’s port operating entity, JSW Infrastructure plans to issue $400mn via bonds and spend $1.3bn in capital expenditure over five years. Sources said that the proceeds from the bonds will primarily be used to replace more expensive rupee debt. JSW Infra has an...
by bondevalue | May 24, 2021 | Financial News, High Yield Bonds, India
India’s largest steel producer, JSW Steel reported its highest ever quarterly revenues in its earnings announcement on Friday. The steel giant’s revenues from operations rose 51% YoY to INR 269.3bn ($3.7bn) for Q4 ended March, and were up 9% YoY for FY21...
by bondevalue | May 11, 2021 | High Yield Bonds, India
JSW Hydro Energy (JSWH) raised $707mn via a debut 10Y non-call 5Y (10NC5) green bond at a yield of 4.125%, 37.5bp inside initial guidance of 4.5% area. The bonds have expected ratings of Ba1/BB+, and received orders over $3bn, 4.2x issue size. Asia took 64%, EMEA 22%...
