IREDA raises JPY 28 billion ECB from SMBC Singapore
Indian Renewable Energy Development Agency Limited (IREDA) signed a facility agreement on Monday with Sumitomo Mitsui Banking Corporation (SMBC) Singapore Branch for an external commercial borrowing (ECB) of JPY 28 billion, including a green shoe option of JPY 12 billion, making the base facility JPY 16 billion. The borrowing is structured as a five-year unsecured loan, with SMBC Singapore Branch acting as mandated lead arranger and bookrunner. The loan amount is yet to be drawn…