HomeBusinessNTPC to raise Rs 2,500 crore in a bond issue

NTPC to raise Rs 2,500 crore in a bond issue

Date:

Trending

- Advertisement -
Advertise During Budget
Advertise During Budget
Advertise During Budget
Advertise During Budget

NTPC on January 22 said, “It will be raising Rs 2,500 crore through issuance of non-convertible bonds on private placement basis.”

“It has decided to issue unsecured non-convertible bonds 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 annum with a door to door maturity of 10 years on 27 January 2031,” NTPC in a regulatory filing said.

- Advertisement -

“The proceeds will be utilized for funding capital expenditure, refinancing of existing loans, and other general corporate purposes among others,” the filing said.

“The bonds are proposed to be listed on BSE. The Bond Trust Deed will be duly executed as per the requirements of and within the period prescribed under the company Act and rules specified therein,” it added.

These bonds are listed under the approval obtained through shareholders resolution on 24 September 2020.

THE SNAPSHOTS, IN YOUR INBOX

Get quick snaps of everyday happening, directly in your inbox.

- Advertisement -

We don’t spam! Read our privacy policy for more info.

- Advertisement -
Krishna Mali
Krishna Mali
Founder, CEO & Group Editor of TechGraph.
spot_img

More Latest Stories

Related Stories