Debt

Debt financing

JSW Cement raises Rs.400-Cr via sustainability-linked loan from MUFG Bank

Business Line  

JSW Cement has signed its first sustainability-linked loan of INR 400 crore with MUFG Bank India. It plans to deploy these funds as capital expenditure to achieve its capacity target of 25 million tonnes per annum (MTPA). MUFG Bank acted as the mandated lead arranger and bookrunner and sustainability loan coordinator for this transaction. DNV Business Assurance India acted as the second party opinion provider. This is the first sustainability-linked loan for JSW Cement.