NTPC Limited will raise Rs 25 billion through issuance of non-convertible bonds via private placement on January 27, 2021.
The bonds will be raised through a private placement at a coupon of 6.43 per cent per annum with a door to door maturity of 10 years. The proceeds will be utilised for funding capital expenditure, refinancing of existing loans and other general corporate purposes, among others. The bonds are proposed to be listed on Bombay Stock Exchange. Bond trust deed 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 on September 24, 2020.