NTPC to raise ₹4,000 crore via NCDs at 7.26% coupon for 15 years

State-owned power giant NTPC Ltd on Tuesday (March 18) announced plans to issue unsecured, non-convertible debentures (NCDs) worth ₹4,000 crore on March 20, 2025, through a private placement. The NCDs will carry a coupon rate of 7.26% per annum and will mature on March 20, 2040, with a tenure of 15 years.

"...we wish to inform you that, NTPC has decided to issue unsecured non-convertible debentures of Rs.4,000 crore on 20.03.2025, through private placement at a coupon of 7.26% p.a. for a tenor of 15 years, maturing on 20.03.2040, under the board resolution dated 29.06.2024 and subsequent approval obtained through shareholders’ resolution dated 29.08.2024," according to a stock exchange filing.

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This marks the first issuance under the board resolution dated June 29, 2024, and the subsequent shareholder approval obtained on August 29, 2024. The funds raised will be utilised for capital expenditure, refinancing of existing loans, and other general corporate purposes.

The debentures will be listed on the Stock Exchange (NSE), and the Debenture Trust Deed will be executed in compliance with the Companies Act and applicable regulations.

Shares of NTPC Ltd ended at ₹337.40, up by ₹5.80, or 1.75%, on the BSE.

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