State-run NTPC today said it will raise Rs 3,925 crore through issuance of debentures on private placement basis to meet its funding requirements.
"NTPC has decided to raise Rs 3,925 crore through private placement of secured non-convertible debentures at a coupon of 7.37 per cent per annum with a door to door maturity of 15 years on December 14, 2016. The proceeds will be utilised to finance capital expenditure/refinancing the debt requirement in on-going projects and other general corporate requirements," NTPC Ltd said in a BSE filing today.
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