NTPC makes offer to buy back its masala bonds worth Rs 40 billion from bondholders or lenders

NTPC has made an offer to buy back its masala bonds worth Rs 40 billion from bondholders or lenders.

The offer include the rupee denominated Rs 20 billion 7.375 per cent notes issued on August 10, 2016, payable In USD and due on August 10, 2021 (”2021 notes”). The offer also includes rupee denominated Rs 20 billion 7.25 per cent notes issued on May 3, 2017, payable In USD and due on May 3, 2022. The company had issued the 2021 notes, which are currently listed on Singapore Exchange Securities Trading Limited (SGX-ST), the London Stock Exchange’s Professional Securities Market, the NSE IFSC Limited (NSE IFSC) and the India International Exchange (IFSC) Limited (India INX).

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