NTPC to raise up to USD 750 mn through ECB route

NTPC Ltd is looking to raise up to USD 750 million (about Rs 6,222 crore) in debt from foreign investors
NTPC to raise up to USD 750 mn through ECB route
NTPC to raise up to USD 750 mn through ECB route
Published on

New Delhi: State-owned NTPC Ltd is looking to raise up to USD 750 million (about Rs 6,222 crore) in debt from foreign investors.

According to the request for proposal by the company, the proposed facility is being raised under automatic route as permitted under External Commercial Borrowing (ECB) guidelines of the RBI.

Public Sector's voice PSU Watch is now on Whatsapp Channels. Click here to join

"NTPC is looking to raise External Commercial Borrowing (ECB) in the form of unsecured term loan...equivalent to USD 500 million plus green shoe option of EUR equivalent to USD 250 million," it said.

NTPC said the bids from banks/financial institutions should be a comprehensive, unconditional, firm and fully underwritten offer for the full amount of the proposed facility.

Last date to submit the bid is February 21.

NTPC, under the Ministry of Power, is the country's largest power producer.

(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.)

logo
PSU Watch
psuwatch.com