NHPC raises Rs 19.45 billion; NTPC to raise Rs 40 billion via bond issues

NHPC Limited has raised Rs 19.45 billion through the issuance of unsecured, redeemable, non-convertible, non-cumulative, taxable bonds (NCTs). These bonds, part of the 6.86% AF series, were issued on a private placement basis and will mature on May 6, 2040. The allotment date was May 6, 2025, giving the bonds a 15-year tenure.

The bonds will be listed on the wholesale debt market segments of the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Separately, NTPC Limited plans to raise Rs 40 billion through the issuance of unsecured, non-convertible debentures (NCDs). These will also be issued on a private placement basis, with a coupon rate of 6.84% per annum and a 10-year tenure. The maturity date is set for May 9, 2035.

This issuance forms the second tranche under approvals granted by the board and shareholders on June 29, 2024, and August 29, 2024, respectively. NTPC intends to use the funds to finance capital expenditure, refinance existing debt, and meet other general corporate requirements. The NCDs will be listed on the BSE.