On Thursday, the state-owned power company NTPC will issue non-convertible debentures in a private placement to raise Rs2,000 crore.
According to a regulatory filing, the funds will be used, among other things, to pay capital expenditures, refinance existing debts, and further general company purposes.
According to the company, it has opted to privately place Rs2,000 crore in unsecured non-convertible debentures on August 25, 2022, with a coupon of 7.44% per year and a door-to-door maturity of 10 years.
It is proposed that the debentures be listed.
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