NTPC ties up USD 250 Million Syndicated Term Loan Facility with Mizuho Bank
29th Sep, 2014
NTPC Limited the largest power utility in the country successfully concluded a syndicated term loan facility of USD 250 million arranged by Mizuho Bank, Limited, Singapore Branch. The loan carries a floating rate of interest linked to LIBOR and has a door to door maturity of 7 years. The loan agreement has been executed at Hong Kong by Shri K. Biswal, Director (Finance) on behalf of the company. The proceeds of the facility will be utilized to finance capital expenditure on the company’s ongoing and new projects and renovation and modernization of stations.
NTPC is the largest power generating company in India with an installed capacity of 43,128 MW and has currently projects with a total capacity of 23,854 MW under construction.
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