Debt financing
State-run hydropower co. NHPC raises Rs.2,000-Cr through 15-year bonds
The government-owned National Hydroelectric Power Corporation has raised INR 2,000 crore through the issuance of 15-year bonds at a coupon rate of 7.67 percent. The transaction, which included a base size of INR 500 crore and a greenshoe option of INR 500 crore, attracted total bids amounting to INR 8,700 crore.The bond issue was structured with 10 Separate Transferable Redeemable Principal Parts, allowing for the repayment of principal in annual installments starting from May 2032 through May 2041 rather than a single maturity payment.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
