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

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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)….

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REC raises Rs 50 billion via bonds to support power sector lending

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REC Limited has mobilised Rs 50 billion through bond issuance on a private placement basis to bolster its funding for power sector financing. The issue included Rs 30 billion in 5-year bonds with a 6.87 per cent coupon rate and Rs 20 billion in 10-year bonds with a 6.86 per cent coupon rate. Strong investor interest highlighted market confidence in REC’s financial and operational stability. All three major credit rating agencies—CARE Ratings, ICRA, and India…

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Power Grid approves issuance of bonds to raise up to Rs 50 billion

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Power Grid Corporation of India Limited (PGCIL) has received approval from its committee of directors to issue its 79th bond series (2024-25), which will raise up to Rs 50 billion through a private placement.  The bond issuance has a base size of INR 10 billion, with a green shoe option allowing for an additional Rs 40 billion. These bonds are unsecured, non-convertible, non-cumulative, and taxable, with a 10-year maturity period. The bonds will be redeemable…