NTPC To Raise Rs 2,000 Crore Through Issuance Of Non-convertible Debentures

Tuesday August 23, 2022.

Topics

NTPC | Fundraising | non-convertible debentures

Press Trust of India | New Delhi

Last Updated at August 23, 2022 20:34 IST

The company has decided to issue unsecured non-convertible debentures of Rs 2,000 crore on August 25, 2022, through private placement at a coupon of 7.44 per cent per annum with a door-to-door maturity of 10 years, it added.

State-owned power giant NTPC will raise Rs 2,000 crore through issuance of non-convertible debentures on a private placement basis on Thursday.

The proceeds will be utilised for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes, according to a regulatory filing.

The debentures are proposed to be listed on NSE.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Tue, August 23 2022. 20:34 IST

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