NTPC to raise Rs 30 billion via non-convertible debentures

NTPC Limited has decided to issue unsecured NCDs worth 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 the capital expenditure, refinancing existing loans and other general corporate purposes. The debentures are proposed to be listed on the National Stock Exchange. This marks the second issuance of debentures following the board resolution on July 29, 2022. The first issuance involved debentures totalling Rs 5 billion.