NTPC issues green masala bonds

NTPC has raised Rs 20 billion through the issue of green masala bonds in the overseas market under its $4 billion medium-term note programme. The proceeds of the bonds will be used for financing renewable energy projects in accordance with the applicable guidelines and regulations of the Reserve Bank of India. The five-year bonds have been issued at an annual interest rate of 7.37 per cent and have been listed on the Singapore Stock Exchange and the London Stock Exchange.

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