 "NTPC's bond issue oversubscribed 3 times")
To meet its capital expenditure requirements, NTPC Ltd, invited bids for its series 63 of taxable secured non convertible debentures today on electronic bidding platform of Bombay Stock Exchange, the company said in a statement.
"Bids amounting to Rs 1,495 crore were received from 15 participants against issue size of Rs 500 crore with greenshoe option having bullet maturity of 10 years," the statement said.
Also Read
Bid book was closed in 15 minutes flat with issue oversubscribed by 3 times, it added.
"A coupon of 7.47 per cent p.A. Was achieved which was inside of Corporate 10-year 'AAA' yield curve by 11 bps and an amount of Rs 670 crore was allocated to successful bidder, it said adding, "NTPC is rated 'AAA' by CRISIL and ICRA and the bond issue was also rated 'AAA'.
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 →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
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
SAVE 25%