Comments
State-owned power giant NTPC Monday raised ₹ 4,300 crore through bonds, which would be used for capital expenditure and general corporate requirement.
The company entered the bond market to raise long-term debt for its capital expenditure and general corporate requirements, with an issue of base size of ₹500 crore with a green shoe option to retain oversubscription of up to ₹ 4,000 crore and a tenure of 10 years, a BSE filing said.
According to the statement, the bidding for the issue took place on BSE’s EBP portal between 10.30 and 11.30 am on Monday.
The company told the bourse that the issue generated an overwhelming response among investors and bids of ₹ 9,359.90 crore were received.
However, NTPC has decided to retain an aggregate amount of ₹ 4,300 crore at a coupon of 7.32 per annum.
This was the largest-ever private placement of bonds by NTPC, showing investors’ continued faith and confidence in the number one power generating company of the country. These bonds will be listed on the National Stock Exchange and the BSE, it added.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.