JSW Hydro Energy raises $707 million through green bonds
SW Hydro Energy has announced that it has raised $707 million through green bonds. The pricing, tenure, and other terms of the notes have also been approved by the finance committee of the company’s board of directors. The settlement date of the notes is May 18, 2021, and will mature exactly ten years on. The notes will accrue an interest rate of 4.125 per cent per annum from the date of settlement to maturity. The proceeds from the sale will go into repaying the company’s existing renewable energy loans. The announcement is the largest green bonds sale by a domestic issuer this financial year.
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