New Delhi, Jun 13 (PTI) State-run power giant NTPC on Friday said it has decided to raise Rs 4,000 crore through the issuance of non-convertible debentures (NCDs).

Proceeds will be utilised for funding of capital expenditure, refinancing of existing loans and other general corporate purposes, the company said in a regulatory filing.

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NTPC has decided to issue unsecured non-convertible debentures of Rs 4,000 crore June 17, 2025, through private placement at a coupon of 6.89 per cent p.a. for a tenor of 10 years 1 day, maturing on June 18, 2035, the filing said.

The NCD issue will be subjected to shareholders' approval, it said, adding that the debentures are proposed to be listed on the NSE.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)