IREDA will raise Rs 1,500 crore by issuing 11-year bonds.
The Indian Renewable Energy Development Agency (IREDA) intends to sell bonds with an 11-year maturity to raise Rs 1,500 crore ($172.95 million). According to Reuters, which cited three bankers, it has a greenshoe option of Rs 1,000 crore. The company has asked bankers and investors to submit bids for coupons and promises. There was no…