NTPC’s 7.93% bond issue to open on Friday
New Delhi: State-owned power giant NTPC Tuesday said it will raise Rs 3,056.50 crore on Friday through issuance of bonds on a private placement basis.
“NTPC has decided to raise Rs 3,056.50 crore on May 3, 2019, (Friday) through private placement of secured non-convertible bonds in the nature of debentures at a coupon of 7.93 per cent per annum with a door-to-door maturity of three years,” the company said in a statement.
The proceeds will be utilised to meet capital expenditure requirements, working capital needs, existing loans refinancing and other general corporate requirements.
