NTPC plans sale of foreign currency bonds worth Euro 500 million

NTPC Limited is reportedly planning to sell foreign currency-denominated bonds worth Euro 500 million soon. The company will offer the bonds as part of a programme to borrow $4 billion for meeting funding requirements. The company has appointed Barclays, Citigroup, Standard Chartered Bank, Axis Bank Limited and Bank of Tokyo Mitsubishi UFJ as financial advisers for the issue.