Security Name: 7.49% Indian Renewable Energy Development Agency Limited (Tax Free) 21 Jan 2031
ISIN:
INE202E07195
Tax Free
Tax Category
21 Jan, 2031
Maturity Date
(5 Yr 10 Mo 26 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
21 Jan, 2016
Allotment Date
NA
Put Date
21 Jan, 2026
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
IPO
Mode of Issue
Listed
Listing Details
Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
7.49%
Coupon
Fixed Interest
Coupon Basis
6.7569%
Current Yield
YOUR EARNING
Your Investment
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
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
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.
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.
Interest coverage ratio
Recent News
IREDA Celebrates Its Legacy On Public Sector Day
Apr 15, 2024 | Indian Renewable Energy Development Agency Limited
IREDA Outperforms Sector and Sensex with 5.09% Gain
Nov 28, 2024 | Indian Renewable Energy Development Agency Limited
IREDA finalises JV with SJVN, GMR Energy, NEP for 900 MW hydropower project in Nepal
Jan 17, 2025 | Indian Renewable Energy Development Agency Limited
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, send a request for the Information Memorandum. You will receive an email shortly.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
Clean Price
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Principal Amount
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BOND VALUE DETAILS
Face Value
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Stamp Duty
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Total Investment
| Cashflow for INE202E07195 |
|---|
| 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 |
|---|
| 7.49% Indian Renewable Energy Development Agency Limited (Tax Free) 21 Jan 2031 |
| Credit Rating |
|---|
| AAA Stable by ICRA AAA Stable by IND |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,000 |
| Coupon |
|---|
| 7.490000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 21/01/2031 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Feb 25,2025 |
| Principal Amount |
|---|
| ₹1,108.49 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹1,108.49 |
| Price |
|---|
| ₹110.8489 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
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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