You are here: Home » Markets » News
Business Standard

State-owned power giant NTPC to raise Rs 2,500 cr via bonds on Wednesday

The firm will raise the money through issuance of non-convertible bonds via private placement

Topics
Bonds | corporate bonds | NTPC

Press Trust of India  |  New Delhi 

NTPC, NTPC Limited
NTPC

State-owned power giant on Friday said it will raise Rs 2,500 crore through issuance of non-convertible via private placement on January 27.

"has decided to issue unsecured non-convertible in the nature of debentures of Rs 2,500 crore on January 27, 2021, through a private placement at a coupon of 6.43 per cent per annum with a door to door maturity of 10 years on January 27, 2031," a BSE filing said.

The proceeds will be utilised for funding capital expenditure, refinancing of existing loans and other general corporate purposes, among others.

The are proposed to be listed on BSE. Bond Trust Deed will be duly executed as per the requirements of and within the period of time prescribed under the Companies Act and rules specified therein.

These bonds are issued under the approval obtained through shareholders' resolution on September 24, 2020.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, January 22 2021. 20:40 IST
RECOMMENDED FOR YOU
.