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Delhi-based NTPC-SAIL Power Co Ltd (NSPCL) is in the process of issuing its maiden bonds; the company has asked bankers for underwriting bids.
The plan is to raise Rs 1,500 crore. The first tranche would be for Rs 250 crore with a greenshoe option of another Rs 250 crore, confirmed NSPCL Chief Financial Officer S V Shahi.
The reason for the firm, a joint venture between NTPC and Steel Authority of India, for hitting the bond market route is low cost of fund, Shahi said. The firm is already in the term loan arrangement with banks but wants
The plan is to raise Rs 1,500 crore. The first tranche would be for Rs 250 crore with a greenshoe option of another Rs 250 crore, confirmed NSPCL Chief Financial Officer S V Shahi.
The reason for the firm, a joint venture between NTPC and Steel Authority of India, for hitting the bond market route is low cost of fund, Shahi said. The firm is already in the term loan arrangement with banks but wants
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