NTPC eyes raising $750m Japanese Yen loan
The amount will be used for the development of its projects.
India’s largest generating company, NTPC, is planning to raise $750m of Japanese Yen loan through external commercial borrowing (ECB) to fund its additional capacity projects.
The proceeds from the loan will be used for capital expenditure for its ongoing and new capacity programmes, renewable projects including hydropower, and coal mining, amongst others.
Of the $750m loan, $150m will be in the form of an unsecured term loan whilst $600m will be through the green shoe option.
The door-to-door maturity of the loan is 10 years, with an average maturity of seven years. There will also be seven equal annual instalments starting from the fourth year