NTPC to raise Rs 3,996 crore via bonds

17 Apr 2021

NTPC is going to issue unsecured non-convertible bonds in the nature of debentures of Rs 3,996 crore on April 20, 2021, through private placement at a coupon of 6.87% p.a. with a door to door maturity of 15 years 1 day on April 21, 2036. The proceeds will be utilized for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes.

The bonds are proposed to be listed on NSE. Bond Trust Deed for these bonds will be duly executed as per the requirements of and within the period of time prescribed under the Companies Act and rules specified therein.

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.

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