NTPC Ltd NCD (NTPC Ltd NCD) Detail

Incorporated in 1975, National Thermal Power Corporation Limited (NTPC) is the largest power generating company in India. It has emerged as an �Integrated Power Major�, with presence in the entire value chain of power generation business. Apart from power generation, which is the mainstay of the company, NTPC has already ventured into consultancy, power trading, ash utilization and coal mining. NTPC ranked 317th in the �2009, Forbes Global 2000� ranking of the World�s biggest companies.

NTPC (formerly National Thermal Power Corporation), a maharatna company of the central government, will offer tax-free secured redeemable non-convertible bonds that opens on 3rd December 2013. NTPC is the largest power producer in India in terms of both installed capacity and generation, with aggregate installed capacity of 41,184 MW (including 35,820 MW through directly owned units and 5,364 MW through subsidiaries and joint ventures), representing market share of 18.44 percent of India�s total installed capacity as on March 31, 2013.

NTPC will offer better rates for 10 and 15 years than NHPC bonds that received overwhelming response in the recent past. The rate for 20 years is almost unchanged. NTPC coupon rates for retail individual investors will be 8.66%, 8.73% and 8.91% for 10, 15 and 20 year bonds. It has been assigned AAA rating by ICRA and CRISIL.

NTPC issue size is Rs 1,000 crore with an option to retain oversubscription up to Rs 750 crore for issuance of additional bonds, aggregating to up to Rs 1,750 crore. Each bond is of a face value of Rs. 1000 each and minimum application is to be made for 5 bonds and in multiple of 1 bond thereafter. The Bonds will be issued in both physical mode (other than to investors who are eligible QFIs as detailed in the Prospectus. However, trading will take place in demat form only.