Indian Renewable Energy Development Agency Limited

Particulars Terms and Conditions
Issuer Indian Renewable Energy Development Agency Limited
Type of instrument Tax free secured redeemable non-convertible bonds of face value of Rs. 1,000 each, in the nature of debentures, having benefits under section 10(15)(iv)(h) of the Income Tax Act.
Nature of instrument Secured, redeemable and non-convertible Bonds
Seniority The claims of the Bondholders shall be superior to the claims of any unsecured creditors of the Company and subject to applicable statutory and/or regulatory requirements, rank pari passu inter se to the claims of other secured creditors of our Company having the same security.
Mode of issue Public issue
Listing The Bonds shall be listed on the BSE within 12 Working Days from the Issue closure date.
Designated Stock Exchange BSE Limited
Credit Rating “[ICRA]AA+” [pronounced as ICRA Double A Plus] (Outlook: Stable) by ICRA and “ IND AA+” by IRRPL.
Issue size Rs. 1,000 crore
Option to retain over subscription Upto the Shelf Limit (i.e. Rs. 1716.00  crore)
Interest on Application Amounts @ the rate of 7.28% p.a., 7.49% p.a. and 7.43% p.a. on Tranche -I Series 1A, Tranche -I Series 2A and Tranche -I Series 3A respectively for Allottees under Category I, Category II and Category III Portion, and at the rate of 7.53% p.a., 7.74% p.a. and 7.68% p.a. on Tranche -I Series 1B, Tranche -I Series 2B and Tranche -I Series 3B respectively for Allottees under Category IV Portion.
Tenor 10 years, 15 years and 20 years from the Deemed Date of Allotment
Issue Price (in Rs.) 1,000 per Bond
Face Value (in Rs.) 1,000 per Bond
Interest on application money refunded @ the rate of 5%
Issue opening date January 8, 2016.
Issue closing date January 22, 2016

The Issue shall remain open for subscription from 10:00 a.m. till 5:00 pm (Indian Standard Time) for the period mentioned above, with an option for early closure or extension by such period as may be decided by the Board of Directors or a duly constituted committee thereof. In the event of such early closure or extension of the subscription list of the Issue, the Company shall ensure that public notice of such early closure is published on or before the day of such early date of closure through advertisement/s in atleast one leading national daily newspaper with wide circulation.

Deemed Date of Allotment The date on which, the Board of Directors or Bond Committee approves the Allotment of Bonds for the Issue or such date as may be determined by the Board of Directors or Bond Committee and notified to the Designated Stock Exchange. All benefits relating to the Bonds including interest on Bonds (as specified for the Issue by Prospectus Tranche-I) shall be available from the Deemed Date of Allotment. The actual allotment of Bonds may take place on a date other than the Deemed Date of Allotment.
Issuance mode In dematerialised form or in physical form as specified by the Applicant in the Application Form#
Trading mode In dematerialised form only
Settlement mode Through various available modes as detailed in the section titled “Issue Procedure – Payment Instructions” on page 79 of this Prospectus Tranche- I
Depository NSDL and CDSL
Lead Mangers Karvy, IDBI, AK Capital, Edelweiss and RR Investors
Registrar  Karvy Computershare Private Limited
Debenture Trustee IL&FS Trust Company Limited

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