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NTPC to raise funds through US denominated notes

27 Mar 2019 Evaluate

NTPC has launched and priced an issue of 3.75% - $450,000,000 notes on March 26, 2019. The Notes carry a coupon of 3.75% per annum payable semi-annually. The Notes are expected to be settled by April 03, 2019. The Notes will mature on April 3, 2024 and all principal and interest payments will be made in US dollars.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.

Peers
Company Name CMP
NTPC 321.30
Tata Power 351.00
Adani Power 200.70
Power Grid Corpn. 257.00
Adani Energy Solut. 1346.40
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