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NHPC raises Rs 750 crore through bonds

24 Apr 2020 Evaluate

NHPC has raised Rs 750 crore through issuance of bonds on private placement basis at very competitive interest rate of 6.80 percent per annum for loan tenure of 10 years. The issue structure consists of base size of Rs 500 crore with green shoe option of Rs 250 crore. The company carries highest credit credentials and is rated AAA by leading rating agencies.

NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.

Peers
Company Name CMP
NTPC 317.00
Tata Power 345.00
Adani Power 196.60
Power Grid Corpn. 253.40
Adani Energy Solut. 1320.00
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