New Delhi: State-owned NTPC Ltd has stated in a mandatory filing that it will 'issue
unsecured non-convertible debentures of Rs 500 crore on December 16, through private placement at a coupon of 7.44 percent per annum with a door-to-door maturity of 10 years 3 months 30 days on April 15, 2033.'
"The proceeds will be utilized for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes. The debentures are proposed to be listed on BSE," stated the company in the filing.
"Debenture Trust Deed will be duly executed as per the requirements of and within the period of time prescribed under the Companies Act and rules specified therein," it added.
"These debentures are being issued under the recommendation of board resolution dated July 29 and subsequent approval obtained through shareholders' resolution dated August 30," it added.
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