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NTPC to raise Rs 4300 cr through private placement of NCDs

Capital Market 

On 17 July 2019

NTPC has decided to raise Rs. 4300 crore through private placement of secured non-convertible bonds in the nature of debentures at a coupon of 7.32% p. a. with a door to door maturity of 10 years on 17 July 2019.

The proceeds will be utilized inter alia, to finance capital expenditure refinancing the debt requirement in on-going projects and other general corporate requirements. The bonds are proposed to be listed on both NSE & BSE. Security for these bonds will be duly created as per the requirements of and within the period of time prescribed under, the Companies Act and rules specified therein.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 16 2019. 15:48 IST