NTPC to raise Rs 3,996 cr via bonds next week

State-owned power giant NTPC will raise Rs 3,996 crore through issuance of non-convertible bonds on Tuesday.”NTPC has decided to issue unsecured non-convertible bonds in the nature of debentures of Rs 3,996 crore on 20 April, 2021, through private placement at a coupon of 6.87 per cent per annum with a door-to-door maturity of 15 years 1 day on 21 April, 2036,” a BSE filing said.

The proceeds will be utilized for funding capital expenditure, refinancing of existing loans and other general corporate purposes, it said.