IndiGrid raises long-term NCDs from IFC totaling Rs 11.40 billion

IndiGrid has announced that International Finance Corporation (IFC) has subscribed to a listed non-convertible debentures (NCD) issuance of IndiGrid aggregating to Rs 11.40 billion.

With a total tenure of 18 years, the NCD were priced at a competitive rate that is fixed for a long tenure. IndiGrid plans to utilise this debt for funding its upcoming refinancing opportunities in 2023-24.