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NTPC Ltd.
BSE: 532555 | NSE: NTPC
Large Cap | Power Generation/Distribution
345.60
-10.20 (-2.87%) NTPC plans to raise $500-700 million through masala bonds
Date: 27-09-2016NTPC is planning to raise $500-700 million through masala bonds from the financial markets in London, Hong Kong and Singapore from November. The funds raised through the bonds will be used for several projects under construction.
The company will commence a roadshow for the new bonds in London, Hong Kong and Singapore. The bonds will be listed on SGX.
NTPC’s annual capital expenditure is more than $4.5 billion for FY2016-17, most of which is raised through financial markets. It was $3.74 billion a year ago.