MoneyWorks4Me

NTPC raises Rs 2000 crore through green masala bonds

05 Aug 2016 Evaluate

NTPC has raised Rs 2000 crore through issuance of green masala bonds in an overseas market. The proceeds of the issue will be used for financing renewable projects and bonds will be listed in London and Singapore. The 5-year bond has a coupon rate of 7.37 percent and yield of the 7.48 percent. 

NTPC is an Indian central Public Sector Undertaking (PSU) under the Ministry of Power, Government of India, engaged in the business of generation of electricity and allied activities.

Peers
Company Name CMP
NTPC 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
View more..