TIDM89NA

RNS Number : 5008M

Indian Renewable Energy Dev. Agency

21 September 2021

21(st) September 2021

   Coupon Payment   Due on 10th  October 2021 on the  USD 300 Million Green   Masala   Bonds

The Coupon payment on Green Masala Bonds amounting to USD 300 Million is due on 10 th October,

2021  and   the   relevant  details are as  follows: 
 
 S.No.   Particulars                   Details 
  1.     Instrument                    Green Masala Bonds 
        ----------------------------  -------------------------------------------------- 
  2.     Due Date of Coupon            10.10.2021 (Adjusted date of payment: 12.10.2021) 
        ----------------------------  -------------------------------------------------- 
         Redemption Date               10.10.2022 
   3. 
        ----------------------------  -------------------------------------------------- 
         Record date                   24.09.2021 
   4. 
        ----------------------------  -------------------------------------------------- 
         Coupon Rate                   7.125% p.a. 
   5.                                   (Fixed Rate) 
        ----------------------------  -------------------------------------------------- 
  6.     Amount of bonds outstanding   USD 300 Million 
        ----------------------------  -------------------------------------------------- 
  7.     ISIN                          XS1692377945 
        ----------------------------  -------------------------------------------------- 
  8.     Common Code                   169237794 
        ----------------------------  -------------------------------------------------- 
 
   9.     Day Count Fraction           30/360 
        ----------------------------  --------------------------------------------------

Chief Financial Officer

Dr. R C Sharma

Tel: +91 (11) 26717430

Fax: +91 (11) 26717416

E-mail: rcsharma@ireda.in

For investor enquiries please contact:

Mr. Surender Suyal, Company Secretary & Additional General Manager (Finance & Accounts)

Tel: +91 (11) 26717430

Email: ssuyal@ireda.in

NOTES TO EDITORS

About Indian Renewable Energy Development Agency (IREDA)

We are a 100% Government of India ("GoI") owned enterprise under the administrative control of the Ministry of New and Renewable Energy (the "MNRE) with more than 34 years of experience in the Indian renewable energy sector. We provide financial assistance to renewable energy projects, companies and manufacturers in India for power generation, equipment supplies and fuel source projects including wind power, solar power, hydro power, biomass, co-generation and waste to energy as well as energy efficiency and conservation. Our comprehensive suite of financial products and services includes various fund-based financial products including long-term and short-term project and manufacturing loans, take out financing, bridge loans and bill discounting, factoring for purchasing Receivables of Solar Power Developers payable by Eligible Entities, Top up Loans for easing out liquidity requirements and non-fund-based assistance like performance guarantees, letters of comfort, letters of undertaking. In addition to our financial products and services, we have a fully functional 50 MW Solar Photovoltaic Project in 200 MW Kasaragod Solar Park in the state of Kerala.

We play a significant and strategic role in the GoI's RE target of 175 GW by 2022 and 450 GW by 2030. We have played a key role in various initiatives of GoI for the promotion and development of the renewable energy sector in India and have been involved in the development and implementation of various policies and structural and procedural reforms in the renewable energy sector. We have also been involved in various GoI programs for the development of renewable energy sector including the Wind GBI Scheme, the Solar GBI Scheme and the Solar Water Heating System Capital Subsidy Scheme.

In the budget announcement in February 2021, GoI has announced infusion of equity of Rs. 1500 crore in the company in FY 21-22 which is much needed for IREDA to continue playing pivotal role in the RE sector financing.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCDKDBDQBKDKCB

(END) Dow Jones Newswires

September 21, 2021 10:14 ET (14:14 GMT)

Indian Renew 22 (LSE:89NA)
Historical Stock Chart
Von Jun 2024 bis Jul 2024 Click Here for more Indian Renew 22 Charts.
Indian Renew 22 (LSE:89NA)
Historical Stock Chart
Von Jul 2023 bis Jul 2024 Click Here for more Indian Renew 22 Charts.