New Delhi: India’s largest power generator NTPC Limited has raised syndicated Japanese yen loan worth USD 750 million. This is the largest ever syndicated JPY loan raised by any Asian Corporate from offshore Samurai loan market. It is also the highest ever single foreign currency loan raised by NTPC.
In an endeavour towards sustainable and cleaner environment, NTPC would utilize these loan proceeds to fund capex for installation of Flue Gas Desulphurization (FGD) system that helps in substantial reduction of SOx emission, new hydro projects and projects using ultra supercritical technology with low carbon emission.
Raised under automatic route of RBI ECB regulations, the loan has been fully underwritten by State Bank of India, Tokyo, Sumitomo Mitsui Banking Corporation, Singapore and Bank of India, Tokyo.
The facility has a door to door maturity of 11 years under two tranches.