JSW Cement raises $50 million green debt
Cement

JSW Cement raises $50 million green debt

JSW Cement, a subsidiary of the $23 billion JSW Group, announced the signing of a Sustainability Linked Loan (SLL) deal with BNP Paribas Singapore to raise Rs 4 billion. JSW Cement has raised its second green debt capital in a year, bringing its SLL-based green investment to Rs 8 billion. In Oc...

JSW Cement, a subsidiary of the $23 billion JSW Group, announced the signing of a Sustainability Linked Loan (SLL) deal with BNP Paribas Singapore to raise Rs 4 billion. JSW Cement has raised its second green debt capital in a year, bringing its SLL-based green investment to Rs 8 billion. In October of last year, the business struck another Rs 4 billion SLL arrangement with Japan's Mitsubishi UFJ Financial Group (MUFG). JSW Cement would use the funds to fund capacity growth in order to meet its long-term goal of reaching 50 MTPA cement-making capacity in India. BNP Paribas served as the transaction's mandated lead arranger and bookrunner (MLAB) as well as the Sustainability Loan Coordinator. DNV Business Assurance India (DNV) provided the Second Party Opinion (SPO).Contact: JSW CementTel: 022-42861000Email-id: info@jswcement.inWebsite: www.jswcement.in

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