News

Power Utility

Danielle Isaac

, India

Published:

4 years ago

India's NTPC raises $750m samurai loan

This will fund capex for a desulphurisation system and new hydro projects.

India’s largest power generator NTPC Limited has raised a syndicated Japanese yen loan worth $750m, making it the largest ever syndicated JPY loan raised by any Asian corporate from offshore Samurai loan market, according to an announcement.

NTPC would utilize these loan proceeds to fund capex for installation of Flue Gas Desulphurization (FGD) system that helps in substantial reduction of SOx emission, new hydro projects and projects using ultra supercritical technology with low carbon emission.

Raised under the automatic route of RBI ECB regulations, the loan was fully underwritten by State Bank of India, Tokyo, Sumitomo Mitsui Banking Corporation, Singapore and Bank of India, Tokyo.

The facility has a door to door maturity of 11 years under two tranches.

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