NTPC Raises Rs 4000 Cr Through Bonds

NTPC Raises Rs 4000 Cr Through Bonds

State-owned power giant NTPC said it has raised Rs 4,000 crore via bonds issued through private placement basis.

Bidding for the bond issue opened and it received an overwhelming response, the company said in a statement.

Against an issue size of Rs 500 crore, with a green shoe option to retain over-subscription up to Rs 3,500 crore, bids of Rs 12,520 crore were received, it said.

“The NTPC’s series 67 Bond Issue through private placement, for which bidding took place today, has received an overwhelming response from the investors,” the statement said.

The issue generated a lot of interest among investors, thereby pulling down the yield for 10-year bonds to attractive levels of 8.30 percent annualized.

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