JSW Energy allots Rs 500 Cr NCDs at 7.90%, maturing 2033
JSWENERGY · price
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On the reaction day the stock moved 2.2 pts more than Nifty Midcap 150 and 1.8 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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JSW Energy allotted 50,000 unsecured listed rated taxable redeemable NCDs on private placement, aggregating Rs 500 Crores. Face value Rs 1 lakh each, 7 year tenure (allotted 28 Sept 2026, maturing 28 Sept 2033). Effective coupon 7.90 percent. Principal to be repaid in three equal annual installments starting Sept 2031. Part of Board's earlier approval to raise up to Rs 3,000 Crores via NCDs.
Adds Rs 500 Cr debt at 7.90 percent; no equity dilution. Part of larger Rs 3,000 Cr NCD plan.