IREDA will issue 10-year bonds today and raise up to Rs 1,000 crore

10 Oct 2023 , 02:13 PM

According to news reports, the Indian Renewable Energy Development Agency intends to raise up to Rs 1000 crore from floating notes expiring in 120 months.

On October 10, between the hours of 11 a.m. and 12 p.m., bids for these bonds were accepted on the BSE’s electronic bidding system. ICRA and India Ratings have classified the bonds as having a ‘AAA’ rating and a ‘stable’ outlook.

The bonds must be paid in by October 12th. The exchange of bonds and funds between the issuer and the investors occurs on the pay-in date.

Bond sales were conducted on October 9 by Chaitanya India Fin Credit Pvt Ltd and Manba Finance. Together, the businesses raised Rs 75 crore.

Bonds with a three-year maturity raised Rs 25 crore for Chaitanya India Fin Credit Pvt Ltd, and two-year notes raised Rs 50 crore for Manba Finance.

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