IREDA Completes Inaugural Green Masala Bond Listing On SGX

IREDA Completes Inaugural Green Masala Bond Listing On SGX

IREDA was established in 1987 as a Non-Banking Financial Institution, and is a Mini Ratna (Category – I) Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE).  To date, it has financed more than 2,380 renewable energy projects in India.

IREDA raised INR19.5 billion (USD300 million) through a five year Green rupee-denominated bond, offering an annualised coupon of 7.125 per cent.

Tng Kwee Lian, Head of Debt Capital Markets at SGX, says: “We are pleased to welcome IREDA’s debut Green Masala bond, and are encouraged by the strong investor interest it received particularly within Asia. We look forward to continue supporting IREDA’s capital raising initiatives in the bond market, which has offered investors an opportunity to participate in the fast growing Indian renewable energy market.” Read More…

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