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

NITI Aayog rolls out three year action agenda

 Even as a vision and a strategy agenda is in "advanced stages" of finalisation at NITI Aayog, the government think tank has released a draft three year action agenda for public consultation.  The draft action agenda, divided in seven parts and 24 chapters, proposes to reduce

It’s a cause of worry, says NHRC on killing of 25 CRPF troopers

The National Human Rights Commission (NHRC) on Tuesday said it was “disturbed” over the killing of 25 Central Reserve Police Force (CRPF) personnel by Naxalites in Chhattisgarh on April 24. The troopers were attacked while on duty for securing road construction work in the Bur

99% complaints filed through Twitter resolved: BSNL

 Twitter Sewa unveiled by the ministry of telecommunications last year to resolve users’ complaints through micro blogging site Twitter has yielded fruitful results by resolving 99 percent of the complaints.   According to BSNL data, as on April 15, 2017, it has receiv

People of Delhi now hate Kejriwal: Vijay Goel

What is your perception about Arvind Kejriwal’s brand of politics?   In Delhi, after the BJP and the Congress, people wanted to give the Aam Aadmi Party a chance. However, after the Delhi assembly polls, his (Kejriwal`s) political fortune has been on the declin

BHEL’s biggest foreign power project takes off in Bangladesh

Bharat Heavy Electricals Limited’s biggest export order, valued at Rs 10,000 crore for setting up 1,320 MW Maitree thermal power project in Bangladesh has taken-off following the issuance of the ‘notice to proceed’ by the developer.   BHEL said that it won a

For a free and open access

Mozilla is working on two separate goals in net neutrality. One is to bring everyone online; ensure that everyone has access to the internet. The other is to ensure that the network should remain open and diverse. We want people to have access to the whole diversity of the internet and not just in



Video

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter