State-run power producer NTPC closed its bond issue on the first day itself as the Rs 500-crore issue was subscribed six times the size of the offer. An official statement on Tuesday said, “Against an issue size of Rs 500 crore, the investment commitments of over Rs 3,000 crore were received and the company decided to close it on the first day of the issue.”
It further stated that early in the day the company received the subscription amount of Rs 1,000 crore. Therefore, the company used a green-shoe option to retain an additional amount of Rs 500 crore.
The bonds will be listed on the Wholesale Debt Market Segment of the National Stock Exchange shortly, the statement added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app