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

Category : Business and economics
Published on: March 22 2025 Share on facebook

  • 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.
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