State-run power producer NTPC closed its bond issue on the first day itself as the Rs 500 crore issue has been subscribed six times the size of the offer.
An official statement today said, "Against an issue size of Rs 500 crore, the investment commitments of over Rs 3,000 crore were received and the company decided to close it on the first day of issue (yesterday)."
It further stated that initially in the day the company received the subscription amount of Rs 1,000 crore. Therefore, the company used green shoe option to retain additional amount of Rs 500 cr.
The bonds will be listed on the Wholesale Debt Market Segment of National Stock Exchange shortly, the statement said.