The National Thermal Power Corporation(NTPC) has upsized the
medium-term note (MTN) program to $6 billion. The state-run power generator
also issued rupee denominated bonds worth Rs.50 billion (~$772.14 million) for
sale in the overseas market. The funds will be utilized to finance capital
expenditures on new and ongoing NTPC projects.
The NTPC’s Board
of Directors approved the upsizing of the $4 billion (~Rs.259 billion) MTN
program to $6 billion (~Rs.388.52 billion) to raise debt from international
markets, stated the NTPC in a BSE
Mercom previously reported that the NTPC raised Rs.20 billion (~$305.47 million) through the
issuance of Green Masala Bonds in the overseas market. Those bonds were issued
under NTPC’s MTN program.