IREDA Ltd NCD (IREDA NCD Feb 2014) Detail

Feb 17, 2014 - Mar 10, 2014

They are a non-banking financial institution engaged in extending financing services to projects and schemes for generating electricity and energy through renewable sources and conserving energy through energy efficiency.

They are primarily engaged in providing finance to specific projects and schemes for generation of energy through new and renewable sources of energy. Company provides financial assistance to the following renewable and energy efficiency projects:

1. Wind Power
2. Hydro Power
3. Biomass Power Co-generation
4. Energy Efficiency & Conservation
5. Solar Energy
6. Waste to Energy & Miscellaneous

IREDA NCD Feb 2014 Detail

Issue OpenFeb 17, 2014 - Mar 10, 2014
Security NameIREDA Ltd
Security Type
Issue Size (Base)Rs 1,000.00 Crores
Issue Size (Shelf)Rs [.] Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size5 NCD
Market Lot5 NCD
Listing AtBSE, NSE
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 10%
Category 20%
Category 30%
Category 40%

Objects of the Issue:

The proceeds of Issue may be utilised towards financing renewable energy and energy efficiency projects and augmenting their resource base.

Ratings

CARE has rated these bonds as "CARE AAA (SO)" and Brickwork Rating has rated as "BWR AAA" indicating highest degree of safety regarding timely servicing of financial obligations.

Offerings

These bonds carries coupon rates of 7.28% (10 yrs), 7.49% (15 yrs) and 7.43% (20 yrs) for category I, II and III (i.e. non-retails) and for retail it offers 7.53% (10 yrs), 7.74% (15 yrs) and 7.68% (20 yrs). Interest payment will be done annually.

Useful Links

  • IREDA NCD - Review by Dilip Davda
  • IREDA NCD Feb 2014 Prospectus

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    Company Contact Information

    IREDA Ltd
    India Habitat Centre,
    Core 4 A, 1st Floor,
    Lodhi Road, New Delhi - 110003

    Phone: +91 (11) 24682206/19
    Email: cs@ireda.gov.in
    Website: http://www.ireda.gov.in

    IREDA NCD Feb 2014 Registrar

    Link Intime India Private Ltd
       Link Intime India Private Ltd
       C 101, 247 Park, L.B.S.Marg,
       Vikhroli (West), Mumbai - 400083

    Phone: +91-22-4918 6270
    Email: ireda.ncd@linkintime.co.in
    Website: http://www.linkintime.co.in

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