NTPC, India’s largest integrated power company, has decided to issue unsecured non-convertible debentures (NCDs) of INR 4,000 crore on a private placement basis on May 9. The NCDs will carry a coupon rate of 6.84% per annum and will have a tenor of ten years, maturing on May 9, 2035. The proceeds will be utilised for funding of capital expenditure, refinancing of existing loans, and other general corporate purposes.
“NTPC has decided to issue unsecured non-convertible debentures of INR 4,000 crore on 09.05.2025, through private placement at a coupon of 6.84% p.a. for a tenor of 10 years, maturing on 09.05.2035, under the board resolution dated 29.06.2024 and subsequent approval obtained through shareholders’ resolution dated 29.08.2024,” NTPC said in a stock exchange filing.
This is the second issue of debentures under the above-mentioned approval.
The debentures are proposed to be listed on the Bombay Stock Exchange (BSE).
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