<article><a style="color: #000080;" href="https://www.dealstreetasia.com/tag/ifc/" target="_blank" rel="noopener noreferrer">International Finance Corp</a> (IFC) has agreed to provide $40 million worth senior debt to <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=Tata+Cleantech+Capital+Ltd" target="_blank" rel="noopener noreferrer">Tata Cleantech Capital Ltd</a> (TCCL).
TCCL will subscribe to secured non-convertible debentures, structured as a green bond, to be issued by the company, according to a disclosure.</article>

<a style="color: #000080;" href="https://www.dealstreetasia.com/tag/ifc/" target="_blank" rel="noopener noreferrer">International Finance Corp</a> (IFC) has agreed to provide $40 million worth senior debt to <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=Tata+Cleantech+Capital+Ltd" target="_blank" rel="noopener noreferrer">Tata Cleantech Capital Ltd</a> (TCCL).
TCCL will subscribe to secured non-convertible debentures, structured as a green bond, to be issued by the company, according to a disclosure.
The company will use the proceeds to finance wind, solar and other climate finance projects that meet the green bond eligibility criteria.
Mumbai-headquartered TCCL is a joint venture between Tata Capital and IFC, the investment unit of <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=World+Bank+Group" target="_blank" rel="noopener noreferrer">World Bank Group</a>. The company offers end to end business solutions in the clean technology space. It identifies, evaluates &amp; funds projects in renewable energy &#8212; solar, wind, small hydro, biomass etc, energy efficiency and water treatment sectors.
In TCCL, Tata Capital owns 80.5 per cent while 19.5 per cent stake are held by IFC. It has funded more than 80 renewable energy projects with a total capacity of 3,500 MW.
IFC supports its clients in addressing environmental and social issues arising from their business activities by requiring its real sector clients to set up and administer appropriate grievance mechanisms.
IFC&#8217;s recent investments include financing to Aavas Financiers Ltd, HDFC and Bajaj Finance through NCD routes; and $6 million to Bangladesh-based Ananta Apparels, $50m loan to Dhaka-based Prime Bank, $50 million senior loan to Sri Lanka’s Nations Trust Bank, $40 million to Au Small Finance Bank and others.
Also Read
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/india-ifc-to-sell-entire-7-5-stake-in-max-healthcare-for-65m-72445/" target="_blank" rel="noopener noreferrer">India: IFC to sell entire 7.5% stake in Max Healthcare for $65m</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/ifc-to-invest-10m-in-tech-focused-vc-stellaris-maiden-100m-fund-72259/" target="_blank" rel="noopener noreferrer">Exclusive: IFC to invest $10m in tech-focused VC Stellaris’ maiden $100m fund</a>

International Finance Corp (IFC) has agreed to provide a $40 million senior debt to Tata Cleantech Capital Ltd (TCCL).

India: IFC to provide up to $40m debt to Tata Cleantech Capital

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

India: IFC to provide up to $40m debt to Tata Cleantech Capital

Continue reading this premium story with a subscription to DealStreetAsia.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief