Indian Renewable Energy Dev. Agency Coupon payment on Masala Bond due on 10/10/2020 (4183Z)

TIDM89NA

RNS Number : 4183Z

Indian Renewable Energy Dev. Agency

18 September 2020

18th September 2020

Coupon Payment Due on 10th October 2020 on the USD 300 Million Green Masala Bonds

The Coupon payment on Green Masala Bonds amounting to USD 300 Million is due on 10(th) October, 2020 and the relevant details are as follows:

 
 S.No.   Particulars           Details 
 1.      Instrument            Green Masala Bonds 
        --------------------  ------------------- 
         Date of Interest      10.10.2020 
 2.       Payment 
        --------------------  ------------------- 
 3.      Redemption Date       10.10.2022 
        --------------------  ------------------- 
 4.      Record date           25.09.2020 
        --------------------  ------------------- 
         Coupon Rate           7.125% p.a. 
 5.                             (Fixed Rate) 
        --------------------  ------------------- 
         Amount of bonds       USD 300 Million 
 6.       outstanding 
        --------------------  ------------------- 
 7.      ISIN                  XS1692377945 
        --------------------  ------------------- 
 8.      Common Code           169237794 
        --------------------  ------------------- 
 9.       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 33 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 supply 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, and non-fund based assistance like performance guarantees, letters of comfort, letters of undertaking and refinancing schemes. In addition to our financial products and services, we have also set up our own 50 MW Solar Photovoltaic Project in 200 MW Kasaragod Solar Park in the state of Kerala.

We were established as an integral part of and have played a strategic role in the GoI's initiatives 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. Under the IREDA-NCEF Refinancing Scheme we utilize funds received from the National Clean Energy Fund ("NCEF") to refinance renewable energy projects for bio-mass (up to 10MW) and small hydro (up to 5MW). 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.

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