NTPC unveils MTN issue to raise $450 mn

March 27, 2019 10:49 pm | Updated 10:49 pm IST - New Delhi

State-run power giant NTPC on Wednesday said it has launched a medium term notes (MTN, or bond) issue to raise $450 million (approx ₹3,105 crore), which is a part of its $6 billion (approx ₹41,400 crore) MTN programme.

The MTNs are also known as bonds in the overseas markets. The issue would close on April 3. The funds raised through this issue will be used for capital expenditure by the company. “NTPC Ltd. has launched and priced an issue of 3.75% $450,000,000 notes due 2024 on March 26, 2019,” NTPC said in a statement.

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