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Tata Power successfully concludes debenture issue of Rs 1,500 crores

18 Aug 2012 Evaluate

Tata Power, India's largest integrated power company, has launched and successfully completed an offering of 60-year debentures of Rs. 1,500 crores. The lead arranger for the issuance is Yes Bank. These debentures have a maturity of 60 years and there is a call option with the company which can be exercised at the end of 10 years and at the end of every year thereafter.

 The coupon (which may be deferred at the company's option) on the debentures is set at 10.75% p.a., with a step up provision if the debentures aren't called after 10 years. These debentures rank senior only to share capital of the company. This instrument is rated AA/stable by CRISIL and CARE AA by CARE respectively.

Tata Power is India's largest integrated private sector power utility with an installed generation capacity of 5297 MW and a presence in all the segments of the power sector viz. generation (thermal, hydro, solar and wind), transmission, distribution and trading.

Tata Power Share Price

434.25 6.80 (1.59%)
20-Apr-2026 11:22 View Price Chart
Peers
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