Signals, Powered By EquityPandit
NTPC has raised Rs 2,000 crore through issuing rupee denominated bonds under its USD 4 billion medium term note programme for capital expenditure.
NTPC has said in a BSE filing that “Issue of rupee-denominated Rs 2,000 crore, 7.25 percent notes due 2022 payable in the US dollar issued pursuant to USD 4 billion medium term note programme by NTPC Limited.”
As per the statement, NTPC has launched an issue of Rs 2,000 crore notes due 2022 priced on April 25. The paper does carry a coupon of 7.25 percent per annum.
The notes are going to get matured on May 3, 2022, and all rupee principal and interest payments will be made in dollars. These have been expected to be settled by May 3, 2017.
