India’s largest power producer NTPC has listed its USD 6 billion (about Rs 40,000 crore) MTN programme (debt instrument) on India International Exchange at IFSC, GIFT City (India INX). While doing so, NTPC became India’s first quasi-sovereign company to list at India INX. The Listing was done on 24th January 2018 on the Global Securities Market of India INX; India’s first international exchange.
The listing will help NTPC raise funds at lower costs from international investors and also allow foreign investors to access good quality Indian debt paper.
This is NTPC’s first listing at India International Exchange and we are very happy to be part of India INX at IFSC, GIFT City. 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. We are excited with this new development and look forward to partnering with India INX in years to come,” said Mr. Gurdeep Singh, Chairman and Managing Director, NTPC Ltd.
Mr. V. Balasubramaniam, MD & CEO at India INX, extended a warm welcome to NTPC’s MTN programme on the GSM Platform.
As an exchange, our endeavour is to offer a transparent, robust, cost effective and efficient capital-raising platform to both global investors as well as Indian issuers. We treasure and value this partnership with NTPC,” Mr. Balasubramaniam added.
News published on 01/02/2018 by Rashmi Nargundkar