As per BSE filing NTPC has decided to issue unsecured non-convertible bonds in the nature of debentures of Rs 3,996 crore on 20 April, 2021, through private placement at a coupon of 6.87 per cent per annum with a door-to-door maturity of 15 years 1 day on 21 April, 2036. The proceeds will be utilized for funding capital expenditure, refinancing of existing loans and other general corporate purposes. The bonds are proposed to be listed on NSE.
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Surbhi Saxena edits the daily Current Affairs News.
The author is qualified member of The Institute of Company Secretaries of India (ICSI).