JSW Hydro Energy to issue dollar-denominated notes

JSW Hydro Energy to issue dollar-denominated notes

JSW Hydro Energy to issue dollar-denominated notes

Dollar: JSW Hydro Energy Limited is a Non-govt company, incorporated on 14th Mar 2014. It’s a public unlisted company and is classified as a company limited by shares. The company’s authorized capital stands at Rs. 1,25,005.01 lakhs.

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

While this issue is part of a total notes program of USD 750 million of JSW Hydro Energy. Which was approving by the board of JSW Hydro Energy on March 26th, 2021.

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-owning subsidiary of JSW Energy Limited.

Moreover, the notes will be secured by, inter alia, assets of the Issuer and a pledge over 51 percent of the equity shares of the Issuer held by the company, it said. Earlier on March 26th, 2021, the JSW Energy board had noted the decision of the JSW Hydro Energy board about the issuance of green bonds.

JSW Hydro board had approved raising long-term funds through the issuance of non-convertible, secured, fixed-rate green bonds in the international markets for an amount up to USD 750 million. Subject to market conditions and receipt of necessary approvals. 

While the detailed disclosure will be made at the time of undertaking the issuance. As required under applicable law, it had said in the filing on March 26th, 2021. JSW Hydro Energy is a 100 percent subsidiary of the company and owns and operates the Karcham-Wangtoo (1000 MW). And Baspa II (300 MW) hydroelectric power plants in Himachal Pradesh, India.

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