State run, National Thermal Power Corporation (NTPC) has raised $500 million via 10-year US dollar denominated bond offering in the US bond market, as mentioned in a media report. The transaction is a part of the $2-billion Euro Medium Term Note (EMTN) programme of the company. Meanwhile, coupon for the NTPC bond has been fixed at 4.75% while its yield would be at 4.764% per annum.
Further, the sale of dollar-denominated bonds is the first such offering by an Indian non-financial company since February. Meanwhile, for the latest bond offering, as much as 62% of the investors were Asian institutional investors, while 31% were European and US offshore accounted for 7%.
NTPC is the largest power generating major in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution.
| Company Name | CMP |
|---|---|
| NTPC | 397.90 |
| Tata Power | 433.65 |
| Adani Power | 200.80 |
| Power Grid Corp | 319.60 |
| Torrent Power | 1605.70 |
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