Governance Now Masterminds

NTPC bond issue receives thumping response

In the first 10 minutes of opening of the issue itself, subscription for the entire offering of Rs 4,000 crore was received

GN Bureau | January 24, 2019


#NTPC   #stock market   #BSE   #Sensex   #NSE   #Nifty   #private placement  

NTPC’s Series 67 bond issue through private placement, whose bidding took place recently, has received overwhelming response from the investors.

 
Against an issue size of Rs 500 crore with green shoe option to retain over subscription upto Rs 3,500 crore, bids of Rs 12,520 crore were received.
 
In the first 10 minutes of opening of the issue itself, subscription for the entire offering of Rs 4,000 crore was received.
 
The enterprise has decided to exercise the green shoe option to retain additional amount of Rs 3,500 crore. The bonds would be listed on NSE and BSE.

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