India New Issue-NHPC to issue STRPP bonds, bankers say

NHPC

30/04/2025 03:40

MUMBAI, April 30 (Reuters) - India's NHPC NHPC.NS plans to raise 20 billion rupees ($234.6 million), including a greenshoe option of 15 billion rupees, selling separately transferable redeemable principal part (STRPP) bonds with six to 15-year maturities, three merchant bankers said on Wednesday.

The state-run hydroelectric power company has invited coupon and commitment bids from bankers and investors on Friday, they said.

NHPC did not immediately reply to a Reuters email seeking comment.

   Here is the list of deals reported so far on April 30:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
NHPC
15 years
To be decided
15+5
May 2
AAA (Crisil, India Ratings)
HUDCO
5 years
To be decided
5+25
May 2
AAA (Icra, India Ratings)

*Size includes base plus greenshoe for some issues

($1 = 85.2540 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)

 ((Dharamraj.dhutia@tr.com))