Proceeds will be utilized for funding of capital expenditure, refinancing of existing loans and other general corporate purposes
NTPC has decided to issue unsecured non-convertible debentures of Rs.4,000 crore on March 20, 2025, through private placement at a coupon of 7.26% p.a. for a tenor of 15 years, maturing on March 20, 2040, under the board resolution dated June 29, 2024 and subsequent approval obtained through shareholders' resolution dated August 29, 2024.
This is the first issue of debentures under the above mentioned approval.
Proceeds will be utilized for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes. The debentures are proposed to be listed on NSE.
Debenture Trust Deed will be duly executed as per the requirements of and within the period of time prescribed under the Companies Act and rules specified therein.
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