India's renewables agency lists Green Masala Bond in UK

London: The Indian Renewable Energy Development Agency on Friday launched a new Green Masala Bond on the London Stock Exchange's new International Securities Market to raise funds to finance renewable energy projects across India. The five-year dated bond raised approximately $300 million (Rs 19.5 billion), with a coupon of 7.125 per cent, and became the first Green Masala Bond to be listed on the International Securities Market (ISM). "Indian Renewable Energy Development Agency (IREDA) is fully committed to helping achieve Indian Government's vision of 175 GW renewable energy capacity by 2022. The Green Masala Bond is a significant milestone for IREDA in this regard, as we embark on the next phase of renewable and sustainable energy led expansion," said Kuljit Singh Popli, Chairman and Managing Director of IREDA, at a special market opening ceremony at the London Stock Exchange.