/ NTPC Raises Rs 2,000 Crore Via Masala Bonds For Capital Expenditure ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 26 April 2017

NTPC, a state-owned power company on Wednesday said that through the issuance of rupee-denominated bonds under its $4billion medium-term note programme for capital expenditure has raised Rs 2000 crore, reported a business daily. 

The company in a BSE filing said, “Issue of rupee-denominated Rs 2,000 crore, 7.25% notes due 2022 payable in the US dollar issued pursuant to $4 billion medium term note programme by NTPC Limited".

All the rupee principal and interest payments will be made in dollars. These are expected to be settled by 3 May 2017, said the news portal.

The masala bonds represent direct, unconditional and unsecured obligations of NTPC and will rank pari passu among themselves and all other unsecured obligations of the issuer and will be listed on Singapore and London stock exchanges, the company added in its filing. 

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