NTPC's Rs 1750 crore tax-free bond issue to open tomorrow

NTPC's first bond issue in over 20 years to raise up to Rs 1,750 crore will open on Tuesday, the company said in a statement. NTPC is India's largest power producer. "The issue will open on December 3, 2013, and is scheduled to close on December 16, 2013," NTPC CMD Arup Roy Choudhury told reporters at a company's conference. Under the offer, the company will issue tax-free secured redeemable non-convertible bonds. "The base ...