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
