In compliance to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is to inform that NHPC Limited has raised Rs. 1945 Crore on 06.05.2025 through Unsecured, Redeemable, Non-Convertible, Non-Cumulative and Taxable 6.86% AF Series Bonds 2040 on Private placement basis. The other details are attached herewith.
NHPC · price
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NHPC Limited has raised Rs. 1,945 Crore on 6 May 2025 through unsecured, redeemable, non-convertible, non-cumulative, taxable bonds at a 6.86% annual coupon. The bonds are issued on a private placement basis and are proposed for listing on the Wholesale Debt Market segment of both BSE and NSE. The total tenor extends up to 15 years (maturing on 6 May 2040), with principal repayment structured as 10 equal annual installments of Rs. 194.5 Crore each, beginning from the end of the 6th year through the 15th year. Interest is payable annually. This is a long-term debt raise by the state-owned hydro power generator, likely to fund capex or refinance existing obligations.
The bond issuance adds Rs. 1,945 Crore of long-term unsecured debt to NHPC's books at a moderate 6.86% cost, which is manageable for a government-owned power company. The structured amortization (starting year 6) eases near-term repayment pressure. For equity shareholders, dilution is nil since bonds are non-convertible, though overall debt levels and interest outflows will rise modestly.