News > IREDA's Rs 1,500 crore bond issue oversubscribed by 2.65 times
IREDA's Rs 1,500 crore bond issue oversubscribed by 2.65 times
21/06/2024 09:08 PM | Click to read full article
Indian Renewable Energy Development Agency (IREDA) successfully raised Rs. 1500 crore today through issuance of bonds. The bond issuance, which consisted of base issue of Rs. 500 crore and Green shoe option of Rs. 1,000 crore, received an overwhelming response from investors and was oversubscribed 2.65 times. The funds have been raised at an annual interest rate of 7.44% for a tenure of 10 years and 2 months.
