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NTPC plans to raise $500-700 million through masala bonds

27 Sep 2016 Evaluate

NTPC is planning to raise $500-700 million through masala bonds from the financial markets in London, Hong Kong and Singapore from November. The funds raised through the bonds will be used for several projects under construction.

The company will commence a roadshow for the new bonds in London, Hong Kong and Singapore. The bonds will be listed on SGX.

NTPC’s annual capital expenditure is more than $4.5 billion for FY2016-17, most of which is raised through financial markets. It was $3.74 billion a year ago.

 

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
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