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22 March, 2018 19:40 IST
NTPC gets nod to raise up to USD 6 bn through bonds
Source: IRIS | 20 Apr, 2017, 11.32AM
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NTPC has received an approval for updating and upsizing the USD 4 billion MTN (medium term note) programme up to USD 6 billion for raising debt from international markets to part finance the capital expenditure on new / ongoing projects, coal mining projects, renovation and modernization of power stations and for other permissible end uses subject to compliance of the provisions of the Companies Act, 2013, the ECB guidelines of the RBI. The board of directors at its meeting held on April 19, 2017 has approved for the same.

The company has also received approval to issue Notes up to Rs 50 billion (Rupee denominated bonds) and/or up to USD 750 million equivalent (foreign currency bonds other than INR denominated) in the international markets either under the MTN programme or on standalone basis, in one or more tranches on the terms and conditions as may be agreed with the prospective investor(s) to finance the capital expenditure of new / ongoing projects, coal mining projects, renovation and modernization of power stations and/or for such other purposes as permissible under the ECB guidelines of the RBI.

Shares of the company declined Rs 0.15, or 0.09%, to trade at Rs 164.55. The total volume of shares traded was 173,666 at the BSE (11.24 a.m., Thursday).

NTPC Limited   (Q,N,C,F)*

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