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Security Name: 7.46% Indian Renewable Energy Development Agency Limited 12 Aug 2025

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ISIN:
INE202E08086
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Taxable

Tax Category

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12 Aug, 2025

Maturity Date
(7 Mo 14 D to mature)

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Yearly

Interest Payment Frequency

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No

NRI Eligibility

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02 Aug, 2022

Allotment Date

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NA

Put Date

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02 Aug, 2024

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Public Sector Undertaking

Type of Issuer

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Quote Not Available

Dirty Price

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7.46%

Coupon

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Fixed Interest

Coupon Basis

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NaN%

Current Yield

YOUR EARNING
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Your Investment

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Final Payout

₹0

Error Generating Cashflow 😥. We are looking into this.

*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
AAA Stable
ICRA
AAA Stable
IND
AA + (Positive)
CARE
Senior

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Unsecured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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Indian Renewable Energy Development Agency Limited

Indian Renewable Energy Development Agency Limited (IREDA) is a Mini Ratna Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE). IREDA is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987 engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation with the motto: “ENERGY FOR EVER”

The ratio in FY24 is 10.05x and it was 12.15x in FY23, indicating decreased debt level due to increase in the profitability of the issuer in FY24.

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Debt/EBITDA

The ratio in FY24 is 1.53x and it was 1.55x in FY23, indicating issuers decrease ability to service its debt, due to increase in Interest on Borrowings and Interest on Debt Securities which led to overall increase in the finance cost in FY24.

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Interest coverage ratio

Recent News
News Thumbnail
IREDA Signs MoU with Bank of India to co-finance Renewable Energy projects.

Apr 15, 2024 | Indian Renewable Energy Development Agency Limited

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IREDA Celebrates Its Legacy On Public Sector Day

Apr 15, 2024 | Indian Renewable Energy Development Agency Limited

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IREDA Outperforms Sector and Sensex with 5.09% Gain

Nov 28, 2024 | Indian Renewable Energy Development Agency Limited

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STEPS TO BUY THIS BOND
Complete KYCe-KYC approval in just 5 minutes!Place your OrderSwipe right to buy this Bond.Transfer funds to ICCLUse Net Banking or visit your nearest branch.SettlementSit back and relax, while we deliver your Security!
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How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
Sell your bond anytimeYou can sell your bond anytime you want by reaching out to your Relationship Manager.
E-Book
To know more about the Bond and the issuer, download the Information Memorandum.
E-Book
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS

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Total Investment
Cashflow for INE202E08086
Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR).
Security Name
7.46% Indian Renewable Energy Development Agency Limited 12 Aug 2025
Credit Rating
AAA Stable by ICRA
AAA Stable by IND
AA + (Positive) by CARE
Coupon Frequency
Yearly
Face Value
₹10,00,000
Coupon
7.460000%
YTM or YTC
YTM
Maturity Date
12/08/2025
Security
Senior Unsecured
No. of Bonds
1
Settlement Date
Principal Amount
₹NaN
Accrued Interest
₹NaN
Stamp Duty
₹0
Total Amount Payable
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Price
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Yield
%
YearPayment DateAmountPayout Type

Quote Not Available for purchase

Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.

Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.

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