Indian Renewable Energy Development Agency Limited has signed a Facility Agreement on March 30, 2026 for raising External Commercial Borrowing from Sumitomo Mitsui Banking Corporation for JPY 28 billion, including a Green Shoe Option of JPY 12 billion. The purpose of entering into the agreement is raising of External Commercial Borrowings. The size of agreement (Facility Amount) is JPY 28 billion (including Green Shoe Option of JPY 12 billion).
Significant terms of the agreement are as per facility agreement dated March 30, 2026. Mandated Lead Arranger and Bookrunner is Sumitomo Mitsui Banking Corporation Singapore Branch. Borrower is Indian Renewable Energy Development Agency Limited.
Nature of the Loan is ECB loan of 5 years (long term). Total amount outstanding is NIL. Total amount of the Loan granted/taken is the loan amount is yet to be availed.
The Facility agreement is signed for aggregated amount of JPY 28 billion (including Green Shoe Option of JPY 12 billion). Date of execution of the loan agreement/sanction letter is March 30, 2026. Security is not applicable, as it is an unsecured facility.
