NTPC to raise Rs 3,996 cr via bonds
The state-run power major will raise Rs 3,996 crore through issuance of non-convertible bonds on Tuesday.The state-run power major will issue unsecured non-convertible bonds of Rs 3,996 crore on 20 April 2021, through private placement. The bonds will be issued at a coupon of 6.87% per annum with a door-to-door maturity of 15 years 1 day on 21 April 2036. The proceeds will be utilized for funding of capital expenditure, refinancing of existing loans and other general corporate purposes. The bonds are proposed to be listed on NSE. These bonds are issued under the approval obtained through sh...