New Delhi: State-run power giant NTPC on Wednesday said it launched on Tuesday a medium term notes (MTN or bond) issue to raise $450 million (approx ₹3,105 crore), which is a part of its $6 billion (approx ₹41,400 crore) MTN programme.
The MTNs are also know as bonds in the overseas markets. The issue would close on 3 April. The funds raised through this issue will be used for capital expenditure by the company.
“NTPC Ltd has launched and priced an issue of 3.75 per cent USD 450,000,000 notes due 2024 on March 26, 2019,” NTPC said in a statement.
