Indian Renewable Energy Dev. Agency Green Masala Bond Coupon payment on 12.10.2021 (9272O)
October 13 2021 - 2:49AM
UK Regulatory
TIDM89NA
RNS Number : 9272O
Indian Renewable Energy Dev. Agency
13 October 2021
13(th) October 2021
Announcement of coupon payment due on 10th October 2021 on the
USD 300 Million green Masala Bonds (Adjusted date of payment:
12.10.2021)
Indian Renewable Energy Development Agency has duly paid the
coupon due on USD 300 Million Green Masala Bonds on 12.10.2021. The
due date of coupon payment was 10.10.2021 but due to 10(th) October
being Sunday( non-working day) and 11(th) October being New York
Public holiday, the payment of coupon was pushed to 12.10.2021.
The details of the Coupon payment on Green Masala Bonds
amounting to USD 300 Million is due on:
Sr.No. Particulars Details
1. Instrument Green Masala Bonds
---------------------------- ---------------------------
Date of Interest 12.10.2021 (Adjusted date)
2. Payment
---------------------------- ---------------------------
3. Redemption Date 10.10.2022
---------------------------- ---------------------------
Coupon Rate 7.125% p.a.
4. (Fixed Rate)
---------------------------- ---------------------------
Coupon Amount (in
5. USD) 18,559,471.12
---------------------------- ---------------------------
Coupon Amount (in
6. INR) 138,93,75,000.00
---------------------------- ---------------------------
7. Amount of bonds outstanding USD 300 Million
---------------------------- ---------------------------
8. ISIN XS1692377945
---------------------------- ---------------------------
9. Common Code 169237794
---------------------------- ---------------------------
10. 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.
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