NTPC issues bonds worth Rs 10.72 billion; issue oversubscribed

NTPC Limited has raised Rs 10.72 billion through the issue of bonds. The bonds were oversubscribed by 1.74 times, with bids received for Rs 13.05 billion against the issue size of Rs 7.5 billion. The bonds carry a door-to-door maturity of 15 years and a coupon rate of 8.1 per cent. The company will utilise the proceeds to fund its capital expenditure. Further, NTPC plans to raise Rs 67.31 billion through the issue of bonds for its capital expenditure and other requirements in 2016-17.