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Prospect News home > News index > List of issuers N > Headlines for National Thermal Power Corp. Ltd. > News item
Published on 11/12/2008 in the Prospect News Emerging Markets Daily.

India's National Thermal Power bonds in high demand

By Devika Patel

Knoxville, Tenn., Nov. 11 - National Thermal Power Corp. Ltd. informed the Bombay Stock Exchange that its series XXVIII bond issue has received an overwhelming response.

Against an issue size of Rs. 5 billion, with an over-allotment option, the company received more than Rs. 30 billion in commitments.

The 10-year bonds will have an 11% annualized yield.

The issuer is India's largest power generating utility.


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