Bharat Neeti

BHARAT NEETI

Be Ahead With Economy And Policy Updates

BHARAT NEETI

Be Ahead With Economy And Policy Updates

IREDA Secures JPY 28 Billion ECB Facility from SMBC

New Delhi: Indian Renewable Energy Development Agency Limited (IREDA) has entered into a Facility Agreement with Sumitomo Mitsui Banking Corporation (SMBC) to raise External Commercial Borrowing (ECB) amounting to JPY 28 billion, including a greenshoe option of JPY 12 billion. The proceeds will be utilised to support sustainable financing initiatives. The five-year unsecured facility, structured with a bullet repayment at maturity, is expected to further strengthen IREDA’s resource base while enhancing its presence in international financial markets. The facility is positioned as a cost-efficient and resilient funding source, particularly in

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Energy

IREDA Secures JPY 28 Billion ECB Facility from SMBC

New Delhi: Indian Renewable Energy Development Agency Limited (IREDA) has entered into a Facility Agreement with Sumitomo Mitsui Banking Corporation (SMBC) to raise External Commercial Borrowing (ECB) amounting to JPY

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