New Delhi: State-owned NHPC Limited said in a regulatory filing on Monday that "it has raised Rs 996 crores on February 20 through Unsecured, Redeemable, Non-convertible, Non-cumulative and Taxable 7.59 percent AD series bonds on Private placement basis." These bonds will be issued at the coupon rate of 7.5 percent per annum.
"The bonds will be listed on Wholesale Debt Market (WDM) segment of Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)," said the filing.
As per the filing, the tenor of the instrument is 15 years from the date of allotment. It also said that these bonds will mature on February 20, 2038.
NHPC also said, "Bonds are redeemable at par in 12 equal annual installments redemption (STAPP wise redemption) starting at the end of 4th year from the deemed date of allotment."
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)