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State-owned power giant NTPC on Friday said it has raised Rs 4,000 crore via bonds issued on private placement basis. Bidding for the bond issue opened on Friday and it received an overwhelming response, the company said in a statement.
Against an issue size of Rs 500 crore, with green shoe option to retain over-subscription up to Rs 3,500 crore, bids of Rs 12,520 crore were received, it said.
“The NTPC’s series 67 Bond Issue through private placement, for which bidding took place today, has received an overwhelming response from investors,” the statement said.
The issue generated a lot of interest among investors, thereby pulling down the yield for 10-year bonds to levels of 8.30 per cent annualised.
The company said subscription for the entire offering of Rs 4,000 crore was received within 10 minutes of the issue opening. The bonds will be listed on NSE and BSE, it added.
NTPC is the largest public sector power generating company in the country.
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