NTPC Plans to Raise up to USD772.9 Million in Public Offering

Published: Apr 19 2017
Deal Summary

NTPC Limited, a power generation and distribution company, intends to raise gross proceeds of up to USD772.93 million in public offering.

Under the offering, the company intends to issue notes for up to INR50,000 million (USD772.93 million) (rupee denominated bonds) and/or up to USD750 million equivalent (foreign currency bonds other than rupee denominated) in the international markets either under the MTN program or on standalone basis, in one or more tranches on the terms and conditions.

The company intends to use to finance the capital expenditure of new or ongoing projects, coal mining projects, renovation and modernization of power stations and for such other purposes.

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