NTPC to raise Rs 3925 crore for funding capital expenditure and refinance debt

Image
Capital Market
Last Updated : Dec 14 2016 | 12:03 AM IST

Through private placement of NCDs

NTPC has decided to raise Rs. 3925 crore through private placement of secured non-convertible debentures at a coupon of 7.37% p.a. with a door to door maturity of 15 years on December 14, 2016. The proceeds will be utilized to finance capital expenditure / refinancing the debt requirement in on-going projects and other general corporate requirements.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Dec 13 2016 | 8:12 PM IST

Next Story