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India's NTPC aims to raise 3bn rupees via bonds
MUMBAI: NTPC, India's largest power producer, is planning to raise 3 billion rupees ($55.05 million) via 10-year bond
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MUMBAI: NTPC, India's largest power producer, is planning to raise 3 billion rupees ($55.05 million) via 10-year bonds, according to a termsheet seen by Reuters.
The firm has invited arrangers to submit bids on Monday and has scheduled the pay-in date for the issuance on March 2.
NTPC will use part of the proceeds to finance capacity addition, coal mining projects, and refinance debt, according to the termsheet.
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