NTPC ties up $250-mn loan with Mizuho Bank
30 Sep 2014 11:32 PM GMT
NTPC, country's largest power generation utility, has tied up loans to the tune of $250 million with Mizuho Bank Limited for funding its expansion plans. The company has tied up Syndicated Term Loan Facility of $250 million with Mizuho Bank Limited's Singapore Branch, NTPC said.
The loan carries a floating rate of interest linked to LIBOR and has a door to door maturity of 7 years. The loan agreement has been executed at Hong Kong by K Biswal, Director (Finance) on behalf of the company. 'The proceeds of the facility will be utilised to finance capital expenditure on the company's ongoing and new projects and renovation and modernisation of stations,' the statement said.
The loan carries a floating rate of interest linked to LIBOR and has a door to door maturity of 7 years. The loan agreement has been executed at Hong Kong by K Biswal, Director (Finance) on behalf of the company. 'The proceeds of the facility will be utilised to finance capital expenditure on the company's ongoing and new projects and renovation and modernisation of stations,' the statement said.
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