IREDA’s Green Masala bond raises ₹1,950 cr

IREDA, India’s government- owned renewable energy entity has raised Rs1,950 crore through a five-year Green rupee-denominated bond by listing on the Singapore Exchange. “We look forward to supporting IREDA’s capital raising initiatives in the bond market, which has offered investors an opportunity to participate in the Indian renewable energy market,” Tng Kwee Lian, head of debt, capital markets at Singapore Exchange (SGX), said.