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NTPC raises Rs 2,000 crore in country’s first Green Masala Bonds

Updated: August 26, 2016 2:55 pm

The country’s largest power producer, NTPC, raised Rs 2,000 crore through rupee-denominated green masala bonds from offshore markets. The company launched the bonds on Wednesday, with an initial target to raise Rs 1,000 crore. The company raised the size to Rs 2,000 crore and priced the bond at an annual yield of 7.48 per cent with five-year tenure. These green masala bonds are a first for both the country and the company. NTPC received order book of over Rs 2900 crore with participation from more than 60 accounts, said NTPC in a public statement. The bond priced 20 bps inside the 5year AAA Bond yields which closed at 7.68 per cent.

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