State-owned IREDA launches its first perpetual bond to raise Rs 1,247 crore

Daily Current Affairs / State-owned IREDA launches its first perpetual bond to raise Rs 1,247 crore

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Category : Business and economics Published on: March 22 2025

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The government-owned renewable energy financier, Indian Renewable Energy Development Agency Limited (IREDA), announced on March 20, 2025, that it has launched its first perpetual bond to raise ₹12,470 crore.
In a stock exchange filing, the agency stated that the bonds are issued at an annual coupon rate of 8.4 percent.
Strengthening the company's capital base through the perpetual bond will help increase funding for renewable energy projects.