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NHPC raises Rs 750 crore via bonds

NHPC raises Rs 750 crore via bonds

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It has said that the issue was oversubscribed 3.87 times i.e. for Rs 2899 crore amid Covid-19 outbreak.

New Delhi: NHPCNSE -0.48 % Ltd on Thursday said it has raised Rs 750 crore through private placement of bonds at 6.80% per annum for a loan tenure of 10 years.

The company in an official statement said that thee issue structure consists base size of Rs 500 crore with green shoe option of Rs 250 crore.

It has also said that the issue was oversubscribed 3.87 times i.e. for Rs 2899 crore amid Covid-19 outbreak.

“The coupon rate of 6.80% is the lowest in the current fiscal and lower by 30 bps or 0.30% than the prevailing AAA rated 10 years Bonds at 7.10%,” the statement said.

Source: economictimes.indiatimes
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Anand Gupta Editor - EQ Int'l Media Network

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