NTPC Limited has announced its plan to issue unsecured, non-convertible debentures (NCDs) worth Rs. 4,000 crore on June 17, 2025, through private placement. The debentures will carry a coupon rate of 6.89% per annum and have a tenor of 10 years and 1 day, maturing on June 18, 2035.
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The proposed issuance marks the third tranche under the company’s board resolution dated June 29, 2024, and shareholders’ approval obtained on August 29, 2024. NTPC, in its filing to the BSE, stated that the proceeds from this offering will be utilized for funding capital expenditure, refinancing existing loans, and other general corporate purposes.
The debentures are proposed to be listed on the National Stock Exchange (NSE). NTPC also confirmed that the Debenture Trust Deed will be executed in accordance with the timelines and requirements stipulated under the Companies Act and relevant rules.
NTPC
NTPC Limited, a central Public Sector Undertaking under the ownership of the Ministry of Power, Government of India, is India’s largest energy conglomerate. Headquartered in New Delhi, the company is at the forefront of power generation and energy transformation in the country, operating a mix of coal, gas, solar, wind, and hydro power stations.
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