New Delhi: In its biggest private placement of bonds so far, NTPC Ltd. today raised 4,300 Crore Rupees via sale of 10 year non-convertible bonds to meet its capex requirement. The 10 year bond issue from India’s largest power generating company was sold at an annual coupon of 7.32%.
The issue, which had a base of 500 Crore Rupees with a Green Shoe option of another 4000 Crore Rupees, was subscribed more than two times with bid offer of 9,360 Crore Rupees.
The resounding success of the bond issue shows the continued faith and confidence of investors in NTPC.
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