NTPC lists its USD 6 billion MTN programme on India INX

NTPC | Company reported higher standalone profit at Rs 3,504.8 crore in Q2FY21 against Rs 3,262.4 crore, revenue rose to Rs 24,677.1 crore from Rs 22,764.6 crore YoY. Company to buy back its shares worth Rs 2,275.7 crore.

BSE arm India International Exchange (India INX) today listed state-run NTPC's USD 6 billion medium-term note (MTN) programme on its debt listing platform, the Global Securities Market.

The Global Securities Market (GSM) on India INX went live on December 8, last year.

"This is NTPC's first listing at India International Exchange and we are very happy to be part of India INX at IFSC, GIFT City," NTPC chairman and managing director Gurdeep Singh was quoted as saying in a statement issued by India INX.

"Now, for the first time in India, we have the opportunity to reach out to international investors to raise funds using a wide variety of products and currencies, in a similar manner, as available in other international markets," Singh added.

Earlier this month, India INX had listed Indian Railway Finance Corporation's (IRFC) green bonds on the GSM. The bonds became the first debt security to be listed on an exchange at International Financial Services Centre (IFSC) in Gujarat's GIFT city.

GSM allows raising funds in any currency of choice by both foreign and Indian issuers from investors across the globe.