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NTPC Ltd has raised Rs 1,072 crore through 15 year bonds issue which were oversubscribed by 1.74 times.
Power Minister Piyush Goyal has said that “Another indicator of robust power sector: NTPC raises Rs 1,072 crore at 8.10 percent. 15 year bond issue oversubscribed 1.74 times.”
The issued 61st series bonds has a door-to-door maturity of 15 years. Bids amounting to Rs 1,305 crore were received against issue size of Rs 750 crore.
The proceeds of the issue will be utilized for capital expenditure.
