NTPC has launched a cash tender offer to buy the masala bonds worth totaling Rs 4,000 crore. According to a company statement, the offer includes the rupee-denominated Rs 2,000cr 7.375% notes issued on August 10, 2016, payable In USD and due on August 10, 2021.
The offer also includes rupee-denominated Rs 2,000-crore 7.25% notes issued on May 3, 2017, payable In USD and due on May 3, 2022. The company had issued the 2021 notes, which are currently listed on Singapore Exchange Securities Trading Limited (SGX-ST), the London Stock Exchange’s Professional Securities Market, the NSE IFSC Limited (NSE IFSC), and the India International Exchange (IFSC) Limited (India INX).
NTPC has launched a cash tender offer to buy the masala bonds worth totaling Rs 4,000 crore. According to a company statement, the offer includes the rupee-denominated Rs 2,000cr 7.375% notes issued on August 10, 2016, payable In USD and due on August 10, 2021.
The offer also includes rupee-denominated Rs 2,000-crore 7.25% notes issued on May 3, 2017, payable In USD and due on May 3, 2022. The company had issued the 2021 notes, which are currently listed on Singapore Exchange Securities Trading Limited (SGX-ST), the London Stock Exchange’s Professional Securities Market, the NSE IFSC Limited (NSE IFSC), and the India International Exchange (IFSC) Limited (India INX).