NTPC tax-free bonds issue to open on December 3

The issue will open for subscription on December 3, 2013 and is scheduled to close on December 16, 2013.

The company is the largest power producer in India in terms of both installed capacity and generation, with aggregate installed capacity of 41,184 MW (including 35,820 MW through directly owned units and 5,364 MW through subsidiaries and joint ventures), representing market share of 18.44 percent of India's total installed capacity as on March 31, 2013.

The object of the issue is to utilise the fund for funding of capital expenditure and refinancing for meeting the debt requirement in on-going projects, including recoupment of expenditure already incurred.

The bonds are proposed to be listed on BSE and NSE. AAA is the credit rating assigned to the bond by ICRA and CRISIL .

A K Capital Services Limited, Axis Capital Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited are the lead managers to the issue. Karvy Computershare Private Limited is a registrar.