PSU NEWS
IREDA Succeed in Masala Space
New Delhi: Indian Renewable Energy Development Agency (IREDA) has been honoured with the UK-India Deal of the Year Award by India Inc. in London on 22nd June, 2018 during the 2nd UK-INDIA Conclave.
The recognition is bestowed to IREDA being the first issuer of green Climate Bonds Certified and Investment Grade rated bond by a financial institution. The bond was nearly two times oversubscribed – the highest in the masala space in 2017 – emphasizing the continued importance of the UK’s capital markets for India’s rapid growth ambitions.
The award was received by Shri S K Bhargava, Director (Finance), IREDA. Issuances through Masala Bonds confirms investors’ acceptance for IREDA in the global market.
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