NTPC to raise Rs 30 billion via non-convertible debentures

NTPC Limited has decided to issue unsecured non-convertible debentures (NCDs) of Rs 30 billion on April 17, 2023, through a private placement at a coupon of 7.35 per cent per annum for a tenor of three years, maturing on April 17, 2026.

The proceeds will be utilised for funding of capital expenditure, refinancing of existing loans, and other general corporate purposes. The debentures are proposed to be listed on National Stock Exchange. This is the second issue of debentures under the recommendation of board resolution dated July 29, 2022. In the first issue, debentures aggregating to Rs 5 billion were issued.