Press Releases

NTPC raises 500 mn Euros through overseas bonds

27th Jan, 2017

NTPC successfully issued its first Euro denominated bond worth EUR 500 million on 25.1.2017. The 10 year bond has been issued at a coupon of 2.75% with a yield of 2.814%. The issue saw a price compression of 25 bps from the Initial Price Guidance level of 225 bps area over Mid Swap level. This is the first ever 10 year Euro denominated bond issuance by an Asian utility issuer and also first ever 10 year EUR transaction by an Indian Issuer. The bonds will be listed at Frankfurt & Singapore stock exchanges. The issue was oversubscribed around 4.5 times and saw participation from more than 125 accounts across the globe.

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