IREDA Signs JPY 28 Billion ECB Facility Agreement with Sumitomo Mitsui Banking Corporation

Indian Renewable Energy Development Agency Limited (IREDA) has signed a Facility Agreement on March 30, 2026, with Sumitomo Mitsui Banking Corporation (SMBC) for raising External Commercial Borrowing (ECB) worth JPY 28 billion, including a Green Shoe Option of JPY 12 billion. This agreement was signed between IREDA as the borrower and SMBC Singapore Branch as the Mandated Lead Arranger and Bookrunner. The purpose of the agreement is to raise ECBs, and the loan is unsecured, with no outstanding amount and a total amount yet to be availed. The facility agreement is executed for an aggregated amount of JPY 28 billion (including Green Shoe Option of JPY 12 billion) with a 5-year tenure.