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India’s NTPC privately places Rs. 5 billion of 8.19% nonconvertibles
By Tali Rackner
Norfolk, Va., Dec. 11 – NTPC Ltd. informed the Bombay Stock Exchange that it has raised Rs. 5 billion of funds through a private placement of 8.19% secured nonconvertible debentures.
The debentures have a 10-year door-to-door maturity.
Proceeds from the Thursday placement will mainly be used to finance capital expenditure of the company.
NTPC is a New Delhi-based power company.
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