Indian Renewable Energy Development Agency Limited (IREDA) has signed a Facility Agreement to secure an External Commercial Borrowing (ECB) from SBI’s Tokyo Branch, amounting to JPY 26 billion. This includes a Green Shoe Option of JPY 10 billion, allowing for additional funding if needed. The five-year unsecured loan will be repaid in a single payment at maturity and is expected to enhance IREDA’s presence in global financial markets.

Shri Pradip Kumar Das, Chairman & Managing Director, IREDA, mentioned, “This facility enables us to diversify our resource base and optimize costs, enhancing our lending operations to support India’s renewable energy sector. The transaction reflects the strong confidence of global investors in IREDA’s financial stability and growth potential.”

With a hedged cost of under 7%, this facility is more economical compared to similar-tenure loans in India. IREDA maintains a strong international credit rating of ‘BBB-‘ for long-term and ‘A-3’ for short-term, with a ‘Stable’ outlook from S&P Global. This reflects the company’s financial strength, governance standards, and credibility in the international renewable energy sector.