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

Modi at Davos: On how to realise the dream of a beautiful shared future

Prime minister Narendra Modi underlined the need for a consensus among the nation to realise the dream of a beautiful shared future, as he addressed the plenary session of the World Economic Forum (WEF) in Davos on Tuesday. After introductory remarks by the Forum`s founder and executive chai

RECTPCL hands over SPV to Power Grid Corp

REC Transmission Projects Company Ltd (RECTPCL), a subsidiary of Rural Electrification Corporation Ltd (REC), has handed over project specific special purpose vehicle (SPV) namely ERSS XXI Transmission Ltd to Power Grid Corporation of India Ltd (PGCIL). Competing alongside with the private p

BEML launches new wheel loader

Bharat Earth Movers Limited (BEML), a ministry of defence PSU, has launched a 5.4 ton wheel loader BL30-1 at Excon Exhibition 2017 in Bangalore. The high performance and rugged wheel loader is designed and developed by BEML. BL30-1 Frontend Wheel Loader is designed for maximum

SC must be subject to constant scrutiny: Justice Chelameswar

The supreme court should be subjected to constant scrutiny so that it improves, Justice Jasti Chelameswar said at a book release function on Monday. This was his first public appearance in Delhi after a January 12 press conference at which he and three fellow judges had spoken up about their differences wi

Karat then, Yechury now; Left leadership remains clueless

Much before Communist Party of India (Marxist) general secretary Sitaram Yechury got marginalised within the party’s central committee last week over the possibility of an alliance with the Congress, is learnt to have had an interesting conversation with Arun Jaitley, his fellow student-politician ba

Thumri should be taught in schools: Chhannulal Mishra

Pandit Chhannulal Mishra is a noted exponent of Banaras and Kairana gharanas. Born in Hariharpur of Azamgarh district, he learnt musical notes from various gurus and thus his music is an amalgamation of various forms and gharanas. His classical folk music has been mesmerising music lovers across the wo

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter