IREDA raises Rs 4.53 billion through second perpetual bond issue
The Indian Renewable Energy Development Agency (IREDA) has mobilised Rs 4.53 billion through its second perpetual bond issue at a coupon rate of 7.70 percent per annum. The issue received bids worth Rs 13.43 billion against the base size of Rs 1 billion and a green shoe option of Rs 4 billion, resulting in an oversubscription of 2.69 times. Proceeds will be used to strengthen IREDA’s capital base and finance renewable energy projects across India….