NHPC to Raise USD77.4 Million in Private Placement of W Series Bonds

Published: Aug 09 2017
Deal Summary

NHPC Limited (National Hydroelectric Power Corporation), a hydropower generation company, has announced a private placement of W series corporate bonds for gross proceeds of INR4,940 million (USD77.4 million).

The offering is part of the company’s INR45,000 million (USD698.7 million) issue approved by the shareholders at the Annual General Meeting held in September 2016.

The offering was approved by the board of directors of the company.

Deal History:

Update: On July 17, 2017, NHPC intended to issue W series corporate bonds for gross proceeds of INR4,940 million (USD77 million), in a private placement.

Planned: On May 24, 2017, NHPC intended to issue W series corporate bonds for gross proceeds of INR17,560 million (USD271.7 million), in a private placement.

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