NTPC Plans to Raise USD6 Billion in Public Offering of Bonds

Published: Apr 19 2017
Deal Summary

NTPC Limited, a power generation and distribution company, intends to issue bonds for gross proceeds of USD6 billion in public offering. The company offering will be issued in the international markets.

The board of directors of the company has approved the upsizing of the issue from USD4 billion to USD6 billion.

The company intends to use the proceeds to part finance the capital expenditure on new / ongoing projects, coal mining projects, renovation and modernization of power stations and for other permissible end uses.

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