NTPC Limited is planning to raise term loan of USD750 million (about Rs 62.13 billion) in Japanese Yen (JPY) denomination to finance its capital expenditure on new and ongoing projects.
The company has sought bids for the JPY loan, which is to be raised through external commercial borrowing (ECB) route. According to bid document, the term loan would be for USD150 million with green shoe option of USD600 million. The proceeds of the loan will be utilised for capital expenditure for ongoing/new capacity additions programme, renewable energy projects, including hydro, coal mining and refinancing of existing ECB/rupee loan availed domestically for capital expenditure etc. The last date for submission of bids is March 1, 2023 and proposals would be opened the same day.