JSW Infra raises $400 million via seven-year green bonds at 4.95%

Will use proceeds to repay existing debt of the Company and its subsidiaries, and as permitted by RBI under ECB Guidelines

JSW Infrastructure today said it has priced a $400 million 144A/Reg S Senior Secured Guaranteed Sustainability-Linked Bond for a seven year tenure at 4.950 percent.

The proceeds of this issue will be used to repay existing debt of the Company and its subsidiaries and as permitted by RBI under the ECB Guidelines.

This fund raise marked the Company’s debut bond issue as well as the first Sustainability-Linked Bond (SLB) from  an Indian ports company, said JSW in its statement.

JSW Infrastructure also became one of the few companies to successfully issue a long tenor high yield corporate bond in their