NTPC plans to raise up to $750 million term loan in JPY denomination
State-owned power giant NTPC plans to raise term loan of USD 750 million (about Rs 6,213 crore) 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 route.
According to a bid document, the term loan would be for USD 150 million with green shoe option of USD 600 million.
It also stated that 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 CAPEX (capital expenditure) etc.
