NTPC raises 500 mn Euros through overseas bonds

It is the first-ever ten-year Euro denominated bond issuance by an Asian utility issuer

GN Bureau | February 3, 2017


#overseas bonds   #NTPC   #PSU  
National thermal power corporation (NTPC) limited – a Maharatna enterprise has successfully issued its first Euro denominated bond worth EUR 500 million on January 25.
 
The 10-year-bond has been issued at a coupon of 2.75 percent with a yield of 2.814 percent. The issue saw a price compression of 25 bps from the initial price guidance level of 225 bps area over mid swap level. According to a NTPC release, it is the first-ever ten-year Euro denominated bond issuance by an Asian utility issuer and also first-ever ten-year EUR transaction by an Indian issuer. The bonds will be listed at Frankfurt and Singapore stock exchanges.
 
The issue was oversubscribed around 4.5 times and saw participation from more than 125 accounts across the globe.
 

Comments

 

Other News

BJP lawmakers top the list in hate speech cases

Out of all MPs and MLAs in office, 58 have declared cases related to hate speech. This includes union minister for drinking water and sanitation Uma Bharti along with 14 other Lok Sabha MPs. The list also includes 8 state ministers. A party wise analysis reveals that BJP has the highest numb

After its withdrawal from Meghalaya and Arunachal, is it time to review AFSPA in other areas too?

After its withdrawal from Meghalaya and Arunachal, is it time to review AFSPA in other areas too?

Togadia, Sinha and anti-Modi prejudices masked by empty rhetoric

There is an uncanny similarity in the pathological opposition to prime minister Narendra Modi by two members of the right wing, Pravin Togadia and Yashwant Sinha. They come from a diverse social and political background; yet they share a common strand that shows an unmitigated hatred towards

“We are becoming American digital colonies”

Data is the new oil; and it needs to be protected. In an interaction with Governance Now, Lionel Baraban, CEO of Famoco, talks about how the French tech firm is developing secure business devices to safeguard data against going to other countries. What are the major roles o

Goa Shipyard and MTU, Germany to manufacture MTU engines in India

Goa Shipyard Ltd (GSL) and MTU, Germany have agreed to cooperate in the  local manufacturing of technologically-advanced MTU series 8000 engines in India. Under the agreement, which was signed at India’s leading defence trade show Defexpo-18, the companies will manufacture the 16-

ONGC employees bag 13 medals at the Gold Coast CWG

ONGC sportspersons outshone other participants in their respective categories in the recently concluded Commonwealth Games in Gold Coast, Australia. ONGCians bagged 13 medals including 5 Gold, 3 Silver and 5 Bronze, contributing to the 66 medal tally of Team India. ONGCians Ragala Venkat Rah

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter