NTPC to raise Rs 2,000 crore through non-convertible debentures

New Delhi: State-owned power giant NTPC Limited will raise Rs 2,000 crore through the issuance of non-convertible debentures on a private placement basis on Thursday.

The proceeds will be utilised for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes, according to a regulatory filing.

The company has decided to issue unsecured non-convertible debentures of Rs 2,000 crore on August 25, 2022, through private placement at a coupon of 7.44 percent per annum with a door-to-door maturity of 10 years, it added.

The debentures are proposed to be listed on NSE.

Earlier on August 16, NTPC had floated a tender to raise Rs 5,000 crore term loan from financial institutions for capital expenditure, refinancing of loan and other corporate purposes.

NTPC is a Maharatna PSU under the Ministry of Power. The company is engaged in the generation of electricity and allied activities. The headquarters of the company is situated at New Delhi.

(With PTI inputs)

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