India,NHPC issues Rs 1,500 crore bonds

New Delhi: Sate-owned hydro power generator NHPC Ltd today announced it has issued secured, redeemable, non-cumulative, non-convertible, taxable X Series bonds on private placement basis with an issue size of Rs 1,500 crore.

The bonds will have a tenure of 10 years from the deemed date of allotment including a moratorium period of 3 years and a coupon rate of 8.65 per cent per annum, the company said in a statement on the Bombay Stock Exchange (BSE).

The deemed date of allotment for the bonds is 8 February 2019. The company proposed to list the issue at the Wholesale Debt Market of the National Stock Exchange (NSE).

Source : The Economic Times