PSU NEWS
NTPC raises 500 mn euros through overseas bonds sale
New Delhi. NTPC Ltd, India’s biggest power producer, has raised 500 million euros through overseas bonds sale that perhaps may be the first longest tenor euro- denominated issuance by an Indian company.
NTPC got bids for USD 2.4 billion, or nearly five times the targeted size, through euro-denominated bonds sale with 10-year maturity, the longest in the currency. Securities have been priced at 200 basis points over Euro Treasury.
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