NTPC raises 500 mn euros through overseas bonds sale

Psu Connect Date: 27-01-17

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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