NTPC to raise Rs 3,966 crore through non-convertible bonds next week
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
- Apr 16, 2021,
- Updated Apr 16, 2021 8:14 PM IST
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.
The bonds are proposed to be listed on NSE.
These bonds are to be issued under the approval obtained through shareholders' resolution dated September 24, 2020, it added.
Also read: UP board exams 2021 postponed; colleges, schools in state to remain closed till May 15
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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.
The bonds are proposed to be listed on NSE.
These bonds are to be issued under the approval obtained through shareholders' resolution dated September 24, 2020, it added.
Also read: UP board exams 2021 postponed; colleges, schools in state to remain closed till May 15
Also read: Maharashtra's 'lockdown like' curbs to start from tonight: What's open, what's closed