Fitch Ratings had assigned an expected rating of BBB-/Stable to the company's rupee-denominated senior unsecured notes.
These Bonds have been issued at the lowest yield for any Masala bond by an Indian issuer till date and have been priced within AAA Corporate Bonds of equivalent tenor in the domestic market,” said the company in a public statement.
In terms of geographical distribution, Asia took the bulk of the transaction at 83 per cent while The European Union accounted for 14 per cent and while US share was 3 per cent. Among major investors include Central Bank/Sovereign Wealth Funds, Fund Managers and private banks.
The proceeds of the issue will be issued to finance ongoing as well future power projects within India, stated NTPC.