India, March 20 -- Indian Renewable Energy Development Agency (IREDA) has launched its first-ever issue of Perpetual Bonds for an amount of Rs 1,247 crore at an annual coupon rate of 8.40%.This landmark initiative marks a major step in optimizing the company's capital structure while capitalizing on the current supportive market conditions. The issuance of Perpetual Bonds is a strategic move aimed at enhancing IREDA's Tier-I capital, ensuring a stronger financial foundation to support the rapid expansion of India's green energy infrastructure.
Published by HT Digital Content Services with permission from Pivotal Sources....