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NTPC mandates banks for dollar bond

One source said the deal may carry a 10-year maturity. They gave no further details.

business Updated: Jan 05, 2006 14:23 IST
Reuters
Reuters
PTI

India's largest power producer, National Thermal Power Corp. (NTPC), has mandated Barclays Capital and Deutsche Bank to handle the sale of a dollar bond, market sources said on Thursday.

One source said the deal may carry a 10-year maturity. They gave no further details.

NTPC, rated BB-plus by Standard & Poor's, last tapped the offshore bond market in March 2004, when it sold $200 million in seven-year bonds.

First Published: Jan 05, 2006 14:23 IST