National Thermal Power Corporation
(NTPC) is making its maiden entry in the Euro bond market with a
floatation of $200 million. The seven-year bonds will be used to
part-finance the company's capacity addition programme.
NTPC has planned to add 9,370 MW
of capacity during the Tenth Plan period (2002-07) having a debt
component of Rs.40,000 crore. The company has reportedly already
tied up Rs.20,000 crore in the form of term loans.