Team News Riveting
New Delhi, September 9
National Thermal Power Corporation (NTPC) has decided to issue unsecured non-convertible bonds in the nature of debentures worth Rs 3,000 crore on September 13.
“In line with Corporate Disclosure requirements, we wish to inform that, NTPC has decided to issue unsecured non-convertible bonds in the nature of debentures of Rs 3,000 crore on 13 September, 2021, through private placement at a coupon of 6.69 per cent per annum with a door-to-door maturity of 10 years,” country’s largest power producer said in a regulatory filing today.
The proceeds will be utilized for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes, NTPC said, adding that the bonds are proposed to be listed on BSE. Bond Trust Deed for these bonds will be duly executed as per the requirements of and within the period of time prescribed under the Companies Act and rules specified therein. These bonds are issued under the approval obtained through shareholders’ resolution dated 24 September, 2020.
Country’s largest power producer has 47 Stations (23 Coal based stations, 7 gas based stations, 1 Hydro station, 1 small hydro, 14 Solar PV and 1 Wind based Station) and 26 Joint Venture stations (9 coal based, 4 gas based, 8 hydro, 1 small hydro 2 Wind and 2 Solar PV).
The commercial capacity of NTPC and NTPC Group has scaled to 53,225 mega-watt (MW) and 66,650 MW respectively.
