Indian energy company NTPC is aiming to raise almost $300m as part of a green bond to finance renewable energy projects around the country.
The so-called green masala bonds will fund facilities such as solar and wind farms, it said.
The notes, due August 2021, will pay 7.375% of interest annually in U.S. dollars.
They priced on 3 August and will list on the Singapore and the London stock exchanges once settled on 10 August.
NTPC is India´s largest energy company and has nine renewable projects, according to its website.
It commissioned a 50MW phase at its NP Kunta solar park 1 at Anantapuramu last week, taking the facility to a combined 250MW of capacity.
Image: MorgueFile
Indian giant seeks $300m windfall
'Green masala bond' financing drive launched by power company NTPC
By EBS