The News Scroll 15 March 2019  Last Updated at 10:20 pm | Source: PTI

NHPC board approves USD 100 mn fund raising from Japanese bank

NHPC board approves USD 100 mn fund raising from Japanese bank
outlookindia.com
1970-01-01T05:30:00+0530

New Delhi, Mar 15 State-owned NHPC on Friday said its board has approved raising around USD 100 million from MUFG Bank, Japan's largest bank, to partly finance its ongoing projects.

The company's board, which met Friday, has approved raising of fund through external commercial borrowing (ECB) in JPY equivalent to USD 100 million from MUFG Bank to part finance the capital expenditure on on-going projects, other permissible activities, NHPC said in a regulatory filing.

The board also approved issuance of "fully serviced bonds" of up to Rs 2,017.20 crore as per mandate given by the government for 2018-19 through unsecured, redeemable, taxable, non-cumulative, non-convertible, taxable bonds in one or more series or tranches on private placement basis from domestic market, it added. MSS MR MR


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