JSW Energy to raise Rs 500 cr via bonds

JSW Energy's finance panel today gave its go-ahead to Rs 500-crore bond issuance programme.

The board of directors had approved the raising of funds through the issuance of bonds/redeemable non-convertible debentures by way of a private placement and had authorised the the company's Finance Committee to decide on all matters relating to that, JSW Energy said in statement.

The Finance Committee met today to finalise the issue and allotment of the non-convertible debentures and decided to raise Rs 500 crore via bonds.

The issue proceeds would be used for business operations, various capex requirements, repayment/prepayment of existing debt and general corporate purposes.