Indian Renewable Energy Dev. Agency Annual Financial Report (3831B)
September 25 2018 - 7:47AM
UK Regulatory
TIDM89NA
RNS Number : 3831B
Indian Renewable Energy Dev. Agency
25 September 2018
20(th) September 2018
Publication of Annual report for the FY 17-18 and coupon payment
due on 10(th) October 2018 on the USD 300 Million green Masala
Bonds
The Board of Directors of Indian Renewable Energy Dev. Agency
has approved the annual results for the Financial Year 2017-18 in
its 306(th) meeting held on 26(th) May 2018 at its registered
office in New Delhi. The 31(st) annual report for FY 17-18 are
available on the Company's website through the following link:
http://www.ireda.in/forms/list.aspx?lid=2006&Id=2
Further the Coupon payment on Green Masala Bonds amounting to
USD 300 Million is due on:
S.No. Particulars Details
1. Instrument Green Masala Bonds
--------------------- -------------------
Date of Interest 10.10.2018
2. Payment
--------------------- -------------------
3. Redemption Date 10.10.2022
--------------------- -------------------
Coupon Rate 7.125% p.a.
4. (Fixed Rate)
--------------------- -------------------
Amount of bonds USD 300 Million
5. outstanding
--------------------- -------------------
6. ISIN XS1692377945
--------------------- -------------------
7. Common Code 169237794
--------------------- -------------------
8. Day Count Fraction 30/360
--------------------- -------------------
Chief Financial Officer
Mr. Satish Kumar Bhargava
Tel: +91 (11) 26717430
Fax: +91 (11) 26717416
E-mail: skbhargava@ireda.in
For investor enquiries please contact:
Mr. Surender Suyal, Company Secretary & Deputy General
Manager (Finance)
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 30 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 supply 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, and non-fund based
assistance like performance guarantees, letters of comfort, letters
of undertaking and refinancing schemes. In addition to our
financial products and services, we have also set up our own 50 MW
Solar Photovoltaic Project in 200 MW Kasaragod Solar Park in the
state of Kerala.
We were established as an integral part of and have played a
strategic role in the GoI's initiatives 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. Under the IREDA-NCEF Refinancing Scheme we utilize funds
received from the National Clean Energy Fund ("NCEF") to refinance
renewable energy projects for bio-mass (up to 10MW) and small hydro
(up to 5MW). 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.
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END
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