NTPC Raises ₹40 Billion Through 15-Year Bond Issuance

NTPC Limited has successfully issued bonds worth ₹40 billion with a maturity period of 15 years. The bonds carry an annual coupon rate of 7.26%, marking the company's first bond issuance in the current financial year. This move is part of NTPC's strategy to raise funds for its ongoing projects and general corporate purposes. The issuance attracted strong investor interest, reflecting confidence in India's power sector. NTPC's bond issue is part of a larger trend where Indian companies are tapping the debt market to meet their financial needs amidst a busy issuance calendar. The company's AAA-rated bonds underscore its strong credit profile and ability to secure favorable terms in the market.

 

Source: Reuters, CNBC-TV18