India’s 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.
Latest posts by Team EnergyInfraPost (see all)
- Cabinet Ministers of India 2019 Full List with Portfolios - May 31, 2019
- PM lays foundation stone for 7 Extra High Voltage Sub-stations and 24 Low Tension Sub-stations in Arunachal Pradesh - February 9, 2019
- Adani Transmission Ltd. (ATL) acquires 100% stake of KEC International Limited in KEC Bikaner Sikar Transmission Pvt. Ltd. - February 9, 2019