By Tali Rackner
Norfolk, Va., Dec. 13 – NTPC Ltd. informed the Bombay Stock Exchange that it sold Rs. 39.25 billion of 7.37% 15-year secured nonconvertible debentures through a private placement.
Proceeds will be used to finance capital expenditures and for refinancing the debt requirement in ongoing projects, as well as for general corporate requirements.
NTPC is a New Delhi-based power company.
Issuer: | NTPC Ltd.
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Issue: | Secured nonconvertible debentures
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Amount: | Rs. 39.25 billion
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Maturity: | 15 years
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Coupon: | 7.37%
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Settlement date: | Dec. 14
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