India’s NHPC board to consider Rs. 20 billion of bonds, term loans

By Sarah Lizee

Olympia, Wash., Jan. 16 – NHPC Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Monday to consider a proposal to raise Rs. 20 billion of nonconvertible debentures/bonds or term loans.

The debentures/bonds would be issued in one or more tranches on a private placement basis, according to the notice.

The proposed issue is out of Rs. 33 billion already approved by the company’s shareholders in an annual general meeting held Sept. 27, 2018.

NHPC is a hydropower generation company based in Faridabad, India.

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