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

Contract for 31 oil fields awarded in Tamil Nadu

The Cabinet Committee on Economic Affairs (CCEA) has approved the award of 31 contract areas as part of the Discovered Small Field (DSF) Bid Round 2016. These fields were offered under new policy for small fields known as Discovered Small Field (DSF) policy, 2015, which offers improved fiscal terms with th

Leave me alone, pleads Gurmehar Kaur who is moving out of Delhi

Delhi University student Gurmehar Kaur, who spoke up against the ABVP on Twitter, has announced that she is withdrawing from `Save DU campaign` on Tuesday morning. The campaign was being held to protest against violence against students in the varsity campus. Her friend Ram Subramanian twee

If art or culture disappears, it wipes out an entire generation with it: Pankaj Tripathi

Known for his indelible roles in Gangs of Wasseypur and Nil Battey Sannata, Pankaj Tripathi  hails from a village in Bihar where many people still don’t have TV sets at home. His parents are farmers in Gopalganj district and the down-to-earth actor likes working in his farm whenever he visit

The unbearable weight of scorched earth

The National Aeronautics and Space Administration (NASA) and the National Oceanic and Atmospheric Administration (NOAA), in independent analyses, have declared 2016 the hottest year since 1880. Scientists have said that the planet witnessed three consecutive years of record heat.  The

Does India need IPS and IAS officers?

Does India need IPS and IAS officers?

PSUs under steel ministry must share resources: Minister

Steel minister Chaudhary Birender Singh has directed a high-level coordination committee comprising CMDs and top ministry officials to be constituted for pooling and sharing of resources among PSUs.   He said, “This will lead to aggregation of demand and economies of sc

Video

पूर्वांचल पर है सबकी नजर
Digital Transformation Summit

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter