NTPC, country’s largest power producer is all set to open its bond issue, to raise up to Rs 1,750 crore, on December 3, 2013, while the issue is scheduled to be closed on December 16, 2013. Under the offer, the company will issue tax-free secured redeemable non-convertible bonds.
The base issue size aggregates to Rs 1,000 crore with an option to retain oversubscription up to Rs 750 crore for issuance of additional bonds, aggregating to up to Rs 1,750 crore. The raised amount will be used for funding of capital expenditure and refinancing for meeting the debt requirement in on-going projects.
The lead managers to the issue are ICICI Securities, A K Capital Services, Axis Capital, SBI Capital Markets and Kotak Mahindra Capital Company.
NTPC is the largest power generating company in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution.
The base issue size aggregates to Rs 1,000 crore with an option to retain oversubscription up to Rs 750 crore for issuance of additional bonds, aggregating to up to Rs 1,750 crore. The raised amount will be used for funding of capital expenditure and refinancing for meeting the debt requirement in on-going projects.
The lead managers to the issue are ICICI Securities, A K Capital Services, Axis Capital, SBI Capital Markets and Kotak Mahindra Capital Company.
NTPC is the largest power generating company in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution.
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