NTPC to raise Rs 500 cr via NCDs
State-run power giant NTPC will raise Rs 500 crore through the issuance of non-convertible debentures on a private placement on Friday.
“NTPC has decided to issue unsecured non-convertible debentures of Rs 500 crore on December 16, 2022, through private placement at a coupon of 7.44 per cent per annum with a door to door maturity of 10 years 3 months 30 days on April 15, 2033,” a BSE filing stated.
The proceeds will be utilized for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes, it stated.
