NTPC Ltd.

NTPC has issued its 61st series of Bonds on May 25, 2016 for a door-to-door maturity of 15 years. Bids amounting to Rs 1305 crore were received against issue size of Rs 750 crore.

After creating pricing tension, coupon of 8.10% was achieved which was inside of Corporate 10-year ‘AAA’ yield curve by 10 -14 basis points and an amount of Rs 1072.50 crore was allocated to successful bidders. The proceeds of the issue will be utilized for capital expenditure. NTPC is rated ‘AAA’ by CRISIL, CARE and ICRA and the bond issue was also rated ‘AAA’.

NTPC is an Indian central Public Sector Undertaking (PSU) under the Ministry of Power, Government of India, engaged in the business of generation of electricity and allied activities. The company also undertakes consultancy and turnkey project contracts that involve engineering, project management, construction management and operation and management of power plants.