<p>State-run power giant NTPC on Thursday said the company has decided to raise Rs 3,000 crore through issuance of bonds on a private placement basis on September 13.</p>.<p>"NTPC has decided to issue unsecured non-convertible bonds in the nature of debentures of Rs 3,000 crore on 13th September 2021, through private placement at a coupon of 6.69 per cent per annum with a door to door maturity of 10 years," a BSE filing said.</p>.<p>The proceeds will be utilised for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes, it stated.</p>.<p>The bonds are proposed to be listed on the BSE.</p>.<p>Bond Trust Deed for these bonds will be duly executed as per the requirements of and within the period of time prescribed under the Companies Act and rules specified therein.</p>.<p>These bonds are issued under the approval obtained through shareholders’ resolution dated 24th September 2020, it stated. </p>.<p><strong>Check out latest DH videos here:</strong></p>
<p>State-run power giant NTPC on Thursday said the company has decided to raise Rs 3,000 crore through issuance of bonds on a private placement basis on September 13.</p>.<p>"NTPC has decided to issue unsecured non-convertible bonds in the nature of debentures of Rs 3,000 crore on 13th September 2021, through private placement at a coupon of 6.69 per cent per annum with a door to door maturity of 10 years," a BSE filing said.</p>.<p>The proceeds will be utilised for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes, it stated.</p>.<p>The bonds are proposed to be listed on the BSE.</p>.<p>Bond Trust Deed for these bonds will be duly executed as per the requirements of and within the period of time prescribed under the Companies Act and rules specified therein.</p>.<p>These bonds are issued under the approval obtained through shareholders’ resolution dated 24th September 2020, it stated. </p>.<p><strong>Check out latest DH videos here:</strong></p>