NTPC to raise $1 billion through foreign currency bonds

NTPC, India's largest power producer, will raise $1 billion through foreign currency bonds this year to expand its power generation capacity, particularly in renewable energy segment.

"NTPC board has approved the proposal to raise up to $1 billion through foreign currency bonds subject to market conditions and as per requirement in the board meeting held on 28th April," an NTPC spokesperson...

NTPC hits foreign bond market; raises $500 mn

NTPC CMD AR Choudhury

NTPC, India's largest power generating company, has become first Indian company to tap the foreign currency bond market following government clarification that provisions of the new Companies Act — regarding prospectus and allotment of securities — do not apply to issue of foreign currency bonds by Indian companies.

The PSU raised 500 million dollars from...

OIL becomes first Indian firm to raise $1 bn in foreign bond sale

OIL CMD SK Srivastava

STATE-run oil explorer Oil India Limited (OIL) on April 9 announced it has become the first Indian company to make a foreign currency bond issuance worth $1 billion in its debut US dollar bond sale programme. "Oil India has made an inaugural $1 billion dual-tranche US Dollar (USD) unsecured...