JSW Energy to issue 3-year bonds - traders
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India's JSW Energy plans to raise 2.50 billion rupees ($30.60 million) through sale of bonds maturing in three years, three merchant bankers said on Wednesday.
The company will pay an annual coupon that is five basis points higher than one-year MCLR rate of State Bank of India and currently works out to be 7.75%, they said.
It has invited commitment bids for Thursday from bankers and investors, and the issue will close for subscription on Friday.
The notes are rated AA by India Ratings.
($1 = 81.7050 Indian rupees)
