NTPC to raise Rs 15 billion via NCD issuance

NTPC Limited has decided to issue unsecured non-convertible debentures (NCDs) of Rs15 billion on April 29, 2022, through private placement at a coupon rate of 5.78 per cent per annum with a door-to-door maturity of two years.

The proceeds will be utilised for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes. The debentures are proposed to be listed on Bombay Stock Exchange.