InvestorQ : Why has NTPC raised Rs.900 crore in the bond markets?
Riya Dwivedi made post

Why has NTPC raised Rs.900 crore in the bond markets?

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shrinidhi Rajan answered.
2 weeks ago
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India’s largest power generation company, the state-run giant NTPC, confirmed that it had raised a sum of Rs.900 crore through the issuance of unsecured, redeemable, taxable, listed, non-convertible debentures. Such NCDs would also be subject to rating by agencies and continuous quality monitoring.

NTPC confirmed that it had issued a total of 9000 unsecured, redeemable, taxable, listed, non-convertible debentures having a face value of Rs.10,00,000 each taking the size of the issue to Rs.900 crore. This was disclosed in a BSE filing by the company. The Series-I debentures are worth Rs.400 crore and would mature on 23 Feb 2024. On the other hand, the Series-II debentures worth Rs.500 crore will mature on 23 Feb 2026.

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