Key Takeaways
- JSW Energy and JSW Steel plan to raise a total of 28.5 billion rupees ($298 million) through bond sales.
- JSW Energy aims to raise 15 billion rupees through up to five-year bonds, while JSW Steel seeks 13.5 billion rupees via three- or four-year debt.
- The companies may issue bonds in October if market conditions are favorable.
Two JSW Group firms, JSW Energy and JSW Steel, are planning to raise a total of 28.5 billion rupees ($298 million) through bond sales in the October-December quarter, according to anonymous bankers.
JSW Energy intends to issue bonds worth around 15 billion rupees, with terms ranging from three to five years, while JSW Steel is targeting 13.5 billion rupees through three- or four-year bonds.
The companies may proceed with the bond issuance in October if market conditions are favorable, as per the bankers' statement.
JSW Energy, which has thermal, hydro, and renewable power operations, has a bond rating of ‘AA’ by India Ratings and currently has 25 billion rupees of outstanding bonds.
The firm previously raised 8 billion rupees through three-year and five-year bonds at interest rates of 8.75% and 8.80% in March 2025.
JSW Steel, rated ‘AA+’ by ICRA and India Ratings, has outstanding bonds worth over 61 billion rupees and last tapped the bond market over two years ago.
The company raised 22.5 billion rupees through five- and seven-year bonds at interest rates of 8.35% and 8.43% respectively.
The bond sales are part of the companies' strategy to manage their debt and fund ongoing operations and expansion plans.
