NTPC to lift Rs 2,500 crore through bonds on Jan 27

Image Source : FILE PHOTO State-owned energy big NTPC it would elevate Rs 2,500 crore by issuance of non-convertible bonds through non-public placement on January 27.
State-owned energy big NTPC on Friday stated it would elevate Rs 2,500 crore by issuance of non-convertible bonds through non-public placement on January 27.

“NTPC has decided to issue unsecured non-convertible bonds in the nature of debentures of Rs 2,500 crore on January 27, 2021, through a private placement at a coupon of 6.43 per cent per annum with a door to door maturity of 10 years on January 27, 2031,” a BSE submitting stated.

The proceeds will likely be utilised for funding capital expenditure, refinancing of present loans and different normal company functions, amongst others. The bonds are proposed to be listed on BSE.

Bond Trust Deed will likely be duly executed as per the necessities of and inside the time period prescribed below the Companies Act and guidelines specified therein.

These bonds are issued below the approval obtained by shareholders’ decision on September 24, 2020.
Latest Business News