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30 January 2018
 |
| Major Indices (The Total Investment & Insurance Solutions) |
State-run
power generator NTPC on Tuesday said it has listed its $6 billion (Rs 40,000
crore) medium-term note (MTN) programme on the India International Exchange
(India INX) at IFSC, GIFT City.
With
this listing, the NTPC -- formerly known as National Thermal Power Corporation
Limited -- became the country's first quasi-sovereign company to list at India
INX, the company said in a statement here.
"The
listing will help the NTPC raise funds at lower costs from international
investors and also allow foreign investors to access good quality Indian debt
paper," it said. The Total
Investment & Insurance Solutions
The
listing was done on January 24 on the Global Securities Market (GSM) of India
INX, India's first international exchange.
The
GSM, which went live on December 8 last, allows for raising funds in any
currency of choice by both foreign and Indian issuers from investors across the
globe. The Total Investment &
Insurance Solutions
"Now,
for the first time in India, we have the opportunity to reach out to
international investors to raise funds using a wide variety of products and
currencies, in a similar manner, as available in other international
markets," NTPC Chairman and Managing Director Gurdeep Singh said in a
statement.The Total Investment &
Insurance Solutions
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