NTPC raises $6 billion at India International Exchange
30 Jan 2018 10:55 PM IST
New Delhi: State-run power giant NTPC said on Tuesday that it has listed its $6 billion (over Rs 38,000 crore) medium-term note (MTN) programme on India International Exchange (India INX) at IFSC, GIFT City.
It became India s first quasi-sovereign company to list at India INX, NTPC said in a statement.
The listing will help NTPC raise funds at lower costs from international investors and also allow foreign investors to access good quality Indian debt paper.
"This is NTPC's first listing at India International Exchange and we are very happy to be part of India INX at IFSC, GIFT City. Now, for the first time in India, we have the opportunity to reach out to international investors to raise funds using a wide variety of products and currencies, in a similar manner, as available in other international markets. We are excited with this new development and look forward to partnering with India INX in years to come," said Gurdeep Singh, Chairman and Managing Director, NTPC Ltd. Balasubramaniam, MD & CEO at India INX, extended a warm welcome to NTPC's MTN programme on the GSM Platform.
"As an exchange, our endeavour is to offer a transparent, robust, cost effective and efficient capital-raising platform to both global investors as well as Indian issuers. We treasure and value this partnership with NTPC," Balasubramaniam added.
Next Story
