NTPC Upsizes Medium-Term Note Program to $6 Billion
April 21, 2017
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The National Thermal Power Corporation (NTPC) has upsized the medium-term note (MTN) program to $6 billion. The state-run power generator also issued rupee denominated bonds worth Rs.50 billion (~$772.14 million) for sale in the overseas market. The funds will be utilized to finance capital expenditures on new and ongoing NTPC projects.