Perpetual Bonds

Recently, Indian Renewable Energy Development Agency Limited (IREDA) has raised Rs. 453 crores at 7.70% per annum through its second issue of Perpetual Bonds, marking a significant step in strengthening its capital base for financing green energy projects.

  • A Perpetual bond is a fixed-income security that has no maturity date and theoretically pays interest forever.
  • The perpetual bond means the issuer is under no obligation to redeem the principal amount at any point.
  • Also known as “perps” or “consol bonds,” these instruments represent a permanent source of capital for the issuer.
  • It represents one of the purest ....
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