NTPC Ltd.

NTPC has decided to raise Rs 3,925 crore through private placement of secured Non-Convertible Debentures (NCDs) at a coupon of 7.37% per annum with a door to door maturity of 15 years on December 14, 2016. The proceeds will be utilized to finance capital expenditure / refinancing the debt requirement in on-going projects and other general corporate requirements.

Earlier in September, the company was planning to raise $500-700 million through masala bonds from the financial markets in London, Hong Kong and Singapore from November.

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.