NTPC to raise ₹2,000 crore through non-convertible debentures – EQ Mag Pro
NTPC Limited will raise Rs 2,000 crore through the issuance of non-convertible debentures on a private placement basis on Thursday
New Delhi: State-owned power giant NTPC Limited will raise Rs 2,000 crore through the issuance of non-convertible debentures on a private placement basis on Thursday.
The proceeds will be utilised for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes, according to a regulatory filing.
The company has decided to issue unsecured non-convertible debentures of Rs 2,000 crore on August 25, 2022, through private placement at a coupon of 7.44 percent per annum with a door-to-door maturity of 10 years, it added.
The debentures are proposed to be listed on NSE.
Earlier on August 16, NTPC had floated a tender to raise Rs 5,000 crore term loan from financial institutions for capital expenditure, refinancing of loan and other corporate purposes.
NTPC is a Maharatna PSU under the Ministry of Power. The company is engaged in the generation of electricity and allied activities. The headquarters of the company is situated at New Delhi.
Source: PTI
