NTPC Ltd.

BSE: 532555 | NSE: NTPC
Large Cap | Power Generation/Distribution
350.40
4.80 (1.39%)
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NTPC surges on plan to raise $310 million through offshore bond issue

Date: 10-05-2017

NTPC is currently trading at Rs. 162.70, up by 1.65 points or 1.02% from its previous closing of Rs. 161.05 on the BSE.

The scrip opened at Rs. 162.50 and has touched a high and low of Rs. 162.85 and Rs. 161.30 respectively. So far 13936 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 177.80 on 27-Jan-2017 and a 52 week low of Rs. 133.50 on 19-May-2016.

Last one week high and low of the scrip stood at Rs. 164.50 and Rs. 159.80 respectively. The current market cap of the company is Rs. 132793.20 crore.

The promoters holding in the company stood at 69.74%, while institutions and non-institutions held 27.45% and 2.81% respectively.

NTPC is all set to raise around $310 million through an offshore bond issuance on May 12. The bonds will be listed at the London Stock Exchange the same day. This Offshore Medium-term Notes (MTN) is the second Masala Bonds offering by the company within a 12 months period. The first Masala Bonds issuance in August 2016 was for Rs 2,000 crore (around $300 million) as is the current one.

Both the Masala Bonds are of 5 years tenor. The latest Masala Bonds 2017 carry a coupon of 7.25 per cent payable annually with reoffer yield of 7.28 per cent (tightest yet by any Indian Issuer). NTPC Masala Bonds would be the first MTN and the first Masala Bonds to list on the new International Securities Market (ISM).

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.