NTPC to raise Rs 3,000 cr via bonds on private placement basis on September 13

PTIUpdated: Thursday, September 09, 2021, 03:41 PM IST
article-image
The bonds are proposed to be listed on the BSE/ Representational image |

State-run power giant NTPC on Thursday said the company has decided to raise Rs 3,000 crore through issuance of bonds on a private placement basis on September 13.

"NTPC has decided to issue unsecured non-convertible bonds in the nature of debentures of Rs 3,000 crore on 13th September 2021, through private placement at a coupon of 6.69 per cent per annum with a door to door maturity of 10 years," a BSE filing said.

The proceeds will be utilised for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes, it stated.

The bonds are proposed to be listed on the BSE.

Bond Trust Deed for these bonds will be duly executed as per the requirements of and within the period of time prescribed under the Companies Act and rules specified therein.

These bonds are issued under the approval obtained through shareholders' resolution dated 24th September 2020, it stated.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Indian authorities reportedly investigating cough syrups linked to deaths of 66 children

Indian authorities reportedly investigating cough syrups linked to deaths of 66 children

Rupee depreciates 4 paise to 81.66 against the US dollar in early trade

Rupee depreciates 4 paise to 81.66 against the US dollar in early trade

Opening Bell: Sensex appreciates 513 points, Nifty climbs 154 points in early trade

Opening Bell: Sensex appreciates 513 points, Nifty climbs 154 points in early trade

Loan limit for aviation sector raised to ₹1500 under ECLG scheme to boost post-pandemic recovery

Loan limit for aviation sector raised to ₹1500 under ECLG scheme to boost post-pandemic recovery

Gujarat government announces incentives for industries to strengthen its development pitch during...

Gujarat government announces incentives for industries to strengthen its development pitch during...