Indian Renewable Energy Development Agency Ltd. Secures JPY 28 Billion ECB Facility from SMBC
Indian Renewable Energy Development Agency Limited (IREDA) has signed a Facility Agreement on March 30, 2026, to raise an External Commercial Borrowing (ECB) from Sumitomo Mitsui Banking Corporation (SMBC) for JPY 28 billion, which includes a Green Shoe Option of JPY 12 billion.The facility agreement was arranged by Sumitomo Mitsui Banking Corporation Singapore Branch, acting as the Mandated Lead Arranger and Bookrunner. The ECB is a 5-year long-term loan, and the total amount of the loan is yet to be availed. The facility is unsecured.
The following table provides details of the agreement:
| Particulars | Details |
|---|---|
| Name(s) of parties | Sumitomo Mitsui Banking Corporation Singapore Branch (Mandated Lead Arranger and Bookrunner) |
| Purpose | Raising of External Commercial Borrowings (ECBs) |
| Facility Amount | JPY 28 billion (including Green Shoe Option of JPY 12 billion) |
| Shareholding | NIL |
| Significant Terms | As per facility agreement dated March 30, 2026 |
| Related Parties | Not Applicable |
| Related Party Transaction | Not Applicable |
| Issuance of Shares | Not Applicable |
| Loan Details | Borrower: Indian Renewable Energy Development Agency Limited; Nature of the Loan: 5-year ECB; Total amount outstanding: NIL; Date of execution: March 30, 2026; Security: Unsecured |
| Other Disclosures | Nil |
| Termination/Amendment | Not Applicable |
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