NTPC Plans to Raise USD2.33 Billion in Private Placement of Bonds

Published: Aug 21 2017
Deal Summary

NTPC Limited, a power generation company, intends to issue secured/unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures (bonds) for gross proceeds of INR150,000 million (USD2,335.5 million) in a private placement.

The company intends to issue bonds in one or more tranches or series not exceeding 30. The company intends to use the proceeds from the offering for capital expenditure, working capital and other general requirements.

On September 20, 2017, the shareholders of NTPC at the annual general meeting (AGM) have approved the private placement of debentures/ bonds.

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