IREDA to Raise JPY 28 Billion via ECB Facility from SMBC
Indian Renewable Energy Development Agency has signed a facility agreement with Sumitomo Mitsui Banking Corporation to raise JPY 28 billion via External Commercial Borrowing, including a greenshoe option of JPY 12 billion, to support sustainable financing initiatives.
March 31, 2026. By Mrinmoy Dey
The five-year unsecured facility, structured with a bullet repayment at maturity, is expected to further strengthen IREDA’s resource base while enhancing its presence in international financial markets. The facility is positioned as a cost-efficient and resilient funding source, particularly in the context of evolving global geopolitical dynamics, IREDA stated.
Commenting on the development, Pradip Kumar Das, Chairman and Managing Director, IREDA, said that the facility marks a significant step in expanding the organisation’s global footprint. He noted that the transaction will strengthen IREDA’s capacity to scale up lending operations in alignment with India’s renewable energy and sustainable development goals.
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