By Susanna Moon
Chicago, April 26 – NTPC Ltd. notified the Bombay Stock Exchange that it sold Rs. 20 billion of 7¼% five-year notes with interest payable in dollars.
The notes will pay principal and interest payments in dollars, according to the company notice.
Proceeds will be used to finance capital expenditures of power projects and renovation and modernization of power stations.
The notes will be listed on the Singapore and the London stock exchanges.
NTPC is a New Delhi-based power company.
| Issuer: | NTPC Ltd.
|
| Issue: | Notes
|
| Amount: | Rs. 20 billion
|
| Maturity: | May 3, 2022
|
| Coupon: | 7¼%
|
| Pricing date: | April 25
|
| Settlement date: | May 3
|
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