NTPC Limited has informed the Exchange about issue of unsecured non-convertible debentures of Rs.4,000 crore on 17.06.2025, through private placement at a coupon of 6.89% p.a. for a tenor of 10 years 1 day, maturing on 18.06.2035.
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NTPC Limited will issue unsecured non-convertible debentures worth Rs. 4,000 crore on June 17, 2025, through private placement. The bonds carry a coupon of 6.89% per annum for a tenor of 10 years and 1 day, maturing on June 18, 2035. This is the third tranche issued under the board approval dated June 29, 2024 and shareholders' resolution dated August 29, 2024. The proceeds will be used for capital expenditure, refinancing of existing loans, and other general corporate purposes. The debentures are proposed to be listed on the NSE.
The issuance raises long-term debt at a competitive rate to fund capex and refinance existing borrowings, without diluting equity shareholders. Existing investors should note incremental debt on the books, though the strong credit profile of NTPC supports favourable borrowing terms.