NTPC Ltd.

NTPC is planning to raise funds worth $150 million in foreign currency term loan to finance its capital expenditure.

The company invited offers for arranging of a term loan in Japanese yen for an aggregate amount of $150 million equivalent with a green shoe option to retain over-subscription up to $250 million equivalent on October 18. The loan will be for a minimum term of 10 years and will be repayable in three equal instalments starting from the ninth year.

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.