New Delhi: The Indian Renewable Energy Dev Agency (IREDA) shares are in focus after the company confirmed securing a 26 billion Japanese Yen External Commercial Borrowing facility from SBI’s Tokyo Branch. The PSU NBFC also secured a green shoe option of 10 billion Japanese Yen. The landed cost (after hedging) is expected to be below 7 per cent, making it more cost-effective than similar-tenure loans in the domestic market
The unsecured facility will help IREDA strengthen its presence on the international level. IREDA share price was trading at Rs 162.21 at 12:40 pm on March 28, 2025.
“IREDA has signed a facility agreement today for raising external Commercial Borrowing (ECB) from SBI, Tokyo Branch for JPY 26 billion, including a green shoe option of JPY 10 billion.
“The landed cost (after hedging) is expected to be below 7 per cent, making it more cost-effective than similar-tenure loans in the domestic market,” it said.
IREDA chairman & managing director Pradip Kumar Das said the 26 bn Japanese Yen ECB facility from SBI, Tokyo will enable the company to diversify its resource base and optimize costs, enhancing our lending operations to support India’s renewable energy sector.
IREDA raises Rs 910 crore via bonds
The state-owned NBFC recently announced raising Rs 910 crore through issuance of bonds through the issuance of Privately Placed Subordinated Tier-II Bonds for a 10-year tenor at an annual coupon rate of 7.74 per cent.
The funds raised will enhance IREDA’s Tier-II capital, increasing its net worth and capital-to-risk-weighted assets ratio (CRAR), IREDA said in a statement.
“The successful raising of Tier-II capital reflects investors’ strong confidence in IREDA’s financial strength and strategic vision.
“This will further empower us to accelerate green energy financing, aligning with the Government of India’s target to achieve 500 GW of non-fossil fuel-based energy capacity by 2030,” IREDA Chairman and Managing Director (CMD) Pradip Kumar Das said.
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IREDA, a leading Indian PSU NBFC, has secured a substantial ¥26 billion (with a green shoe option of ¥10 billion) External Commercial Borrowing (ECB) facility from SBI’s Tokyo branch. This unsecured loan, with a landed cost below 7%, is more cost-effective than domestic options and will bolster IREDA’s international presence. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
