NTPC Limited raises Rs 10 billion via bonds

NTPC Limited has raised Rs 10 billion through a bond issue. The issue was oversubscribed by 2.8 per cent. The company had put on offer a subscription for non-convertible debentures totalling Rs 5 billion with a greenshoe option for another Rs 5 billion on a private placement basis. The bonds carry a coupon rate of 8.05 per cent and have a tenor of 10 years. NTPC will use the proceeds from the bond issue to fund its capital expenditure.

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