JSW Hydro Energy Limited has raised $707 million (about Rs 52 billion) from an international green bond issue. The fixed rate senior secured green 144A/Reg S bonds for a 10-year tenor were priced at 4.125 per cent. The proceeds from the issuance will be used towards the repayment of existing green project-related rupee-denominated loans. The company engaged with several investors on a global deal roadshow across Hong Kong, Singapore, London, New York and Los Angeles. Backed by a strong investor feedback, the transaction was launched with an initial price guidance of 4.5 per cent area and tightened by 37.5 bps to 4.125 per cent as the final pricing. The final order book was in excess of $2.6 billion, with oversubscription by 3.7 times.