NTPC will use the ECB route to raise up to USD 750 million.
psuwatch.com
India
08-02-2024
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The state-owned NTPC Ltd is seeking to borrow up to USD 750 million, or roughly Rs 6,222 crore, from international lenders.
The proposed credit is being raised automatically, as allowed by RBI norms for External Commercial Borrowing (ECB), according to the company's request for proposals.
"NTPC is looking to raise External Commercial Borrowing (ECB) in the form of unsecured term loan...equivalent to USD 500 million plus green shoe option of EUR equivalent to USD 250 million," it stated.
According to NTPC, bank and financial institution bids ought to be thorough, firm, unconditional, and fully underwritten for the entire cost of the planned facility.