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NTPC bond issue oversubscribed

NTPC bond issue oversubscribed

Bonds issued by NTPC Ltd have been oversubscribed by 2.5 times. The company issued its 62nd series of taxable secured non-convertible debentures on Friday with bullet repayment after 10 years. It received bids amounting to Rs.1,250 crore, against the issue size of Rs.500 crore.

Coupon of 7.58 per cent per annum was achieved which was inside of corporate 10-year ´AAA´ yield curve by 12 basis points (bps).

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