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National Thermal Power Corp.: Corporate Disclosure

In line with Corporate Disclosure requirements we wish to inform that NTPC has decided to issue unsecured non-convertible bonds in the nature of debentures of Rs.3 996 crore on 20 April 2021 through private placement at a coupon of 6.87% p.a. with a door to door maturity of 15 years 1 day on 21 April 2036. The proceeds will be utilized for inter alia funding of capital expenditure refinancing of existing loans and other general corporate purposes. The bonds are proposed to be listed on NSE. Bond Trust Deed for these bonds will be duly executed as per the requirements of and within the period of time prescribed under the Companies Act and rules specified therein.

These bonds are issued under the approval obtained through shareholders resolution dated 24 September 2020.

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