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NHPC issues INR 1,500 crore bonds

Power News - Published on Wed, 20 Feb 2019

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Economic Times reported that sate owned hydro power generator NHPC Ltd announced it has issued secured, redeemable, non-cumulative, non convertible, taxable X Series bonds on private placement basis with an issue size of INR 1,500 crore. The bonds will have a tenure of 10 years from the deemed date of allotment including a moratorium period of 3 years and a coupon rate of 8.65 per cent per annum, the company said in a statement on the Bombay Stock Exchange.

The deemed date of allotment for the bonds is 8 February 2019. The company proposed to list the issue at the Wholesale Debt Market of the National Stock Exchange.

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Posted By : Rabi Wangkhem on Wed, 20 Feb 2019
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