NTPC Limited, a power generation and distribution company, has completed the private placement of 7.25% bonds due April 2022, for gross proceeds of INR 20,000 million (USD309.4 million).
Standard Chartered PLC, Barclays and some other investment bankers acted as financial advisors to the company for the transaction.
The company intends to use the proceeds to invest in domestic projects.
Planned: On April 7, 2017, NTPC intended to issue bonds in a public offering. Pursuant to the transaction, the company will issue masala bonds in the UK.