NTPC powers up Indian debt and equity markets

Country's first offshore corporate bond of the year receives a warm reception as the government launches a new divestment in its largest power generator.

NTPC powers up Indian debt and equity markets
Lighting up the debt and equity markets?

NTPC completed India's first corporate bond of the year on Monday, one day ahead of a 5% government-divestment in the country's largest power generator. 

A $500 million bond deal and a potential $730 million equity offering have come just days before the country's annual budget on February 29.

This will determine whether the government plans to slow down fiscal consolidation in order to pump prime more growth.

...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES