By Susanna Moon
Chicago, Aug. 23 – NTPC Ltd. notified the Bombay Stock Exchange that it sold Rs. 8 billion of 7.58% 10-year secured debentures through a private placement.
Proceeds will be used to finance capital expenditures and for refinancing the debt requirement in ongoing projects including recoupment of expenditures already incurred, according to the company notice.
NTPC is a New Delhi-based power company.
| Issuer: | NTPC Ltd.
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| Issue: | Secured debentures
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| Amount: | Rs. 8 billion
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| Maturity: | 10 years
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| Coupon: | 7.58%
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| Settlement date: | Aug. 23
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