NTPC BOND ISSUE GETS OVERWHELMING RESPONSE
11th Jan, 2019
NTPC’s Series 67 Bond Issue through private placement, for which bidding took place today, has received overwhelming response from the investors. Against an issue size of Rs. 500 crore with Green Shoe option to retain over subscription upto Rs.3,500 crore, bids of Rs.12,520 crore were received. The issue generated lot of interest among investors thereby pulling down the yield for 10-year bonds to attractive levels of 8.30% annualized.
In the first 10 minutes of opening of the issue itself, subscription for the entire offering of Rs.4,000 Crore was received.
The Company has decided to exercise the Green Shoe option to retain additional amount of Rs.3,500 Crore. The Bonds shall be listed on NSE & BSE.
Investors have once again reposed their confidence in India’s number one Power Generating Company.
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