IREDA raises INR910.37 crore via tier-II bonds

Indian Renewable Energy Development Agency (IREDA) has successfully raised ₹910.37 crore through the issuance of privately placed subordinated Tier-II Bonds with a 10-year tenor at an annual coupon rate of 7.74%. According to the company's recent filing, the board approved a borrowing program of up to ₹30,800 crore for FY 2025-26. This includes fund raising through taxable bonds, green bonds, and various debt instruments, including foreign currency borrowings.