The National Thermal Power Corporation (NTPC) has raised $500 million in an international sale of bonds, Economic Times reports. The Indian power generating company sold 10-year notes, maturing on July 14, 2021, which carried a coupon rate of 5.62% to be paid semi-annually.
The state-owned company intends to use the proceeds for its existing and upcoming projects. Barclays Capital, Citigroup, Deutsche Bank and Royal Bank of Scotland served as the book-runners for the deal.
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