NTPC Limitedhas planned to raise up to $750 million through external commercial borrowing (ECB). …
The company is looking to raise ECB in the form of term loan amounting to $500 million plus a green shoe option of $250 million, subject to applicable statutory approvals. According to the request for proposal (RFP)floated by NTPC, the proceeds of the loan will be utilised towardscapital expenditure for ongoing or new capacity addition programmes, including renewable energy (RE) projects, coal mining, and washeries. The proceeds of the term loan will also be used to refinance existing ECB or rupee loans availed domestically.The average maturity period of the term loan will be seven years under the proposed ECB. Repayments will be made in seven equal annual instalments starting from the fourth year.Last date for bid submission is January 31, 2022.