NTPC Limited is planning to raise Rs 40 billion through the issuance of unsecured, non-convertible debentures (NCDs).
The issuance will be done via private placement at a coupon rate of 6.84 per cent per annum for a tenor of 10 years and set to mature on May 9, 2035. This marks the second tranche of debentures under the board and shareholder approvals dated June 29, 2024 and August 29, 2024, respectively. The funds raised will be used to meet capital expenditure requirements, refinance existing loans, and for other general corporate purposes. The debentures are proposed to be listed on the Bombay Stock Exchange.