NTPC said it will raise Rs 1,000 crore on July 31 through issuance of bonds on a private placement basis for funding capital expenditure, refinancing existing loans, among others.
“NTPC has decided to raise Rs 1,000 crore on July 31, 2020, through private placement of unsecured non-convertible bonds in the nature of debentures at a coupon of 6.29 per cent per annum with a door to door maturity of 10 years, 8 months and 11 days on April 11, 2031,” a regulatory filing said.
For inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes these funds will be utilized. It said, the bonds are proposed to be listed on both NSE and BSE.
The filing said, Bond Trust Deed for these bonds will be rightly performed as per the requirements and within the time period prescribed under the Companies Act and rules.
These bonds are issued under the approval obtained through shareholders’ resolution on August 21, 2019, it ad
