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NHPC board approves $100 mn fund elevating from Japanese financial institution – Moneycontrol.com

NHPC board approves $100 mn fund elevating from Japanese financial institution – Moneycontrol.com

Final Up to date : Mar 15, 2019 10:37 PM IST | Supply: PTI

The corporate’s board, which met Friday, has authorized elevating of fund by exterior industrial borrowing (ECB) in JPY equal to $100 million from MUFG Financial institution to half finance the capital expenditure on on-going tasks, different permissible actions, NHPC stated in a regulatory submitting.

State-owned NHPC on Friday stated its board has authorized elevating round $100 million from MUFG Financial institution, Japan’s largest financial institution, to partially finance its ongoing tasks.

The corporate’s board, which met Friday, has authorized elevating of fund by exterior industrial borrowing (ECB) in JPY equal to $100 million from MUFG Financial institution to half finance the capital expenditure on on-going tasks, different permissible actions, NHPC stated in a regulatory submitting.

The board additionally authorized issuance of “absolutely serviced bonds” of as much as Rs 2,017.20 crore as per mandate given by the federal government for 2018-19 by unsecured, redeemable, taxable, non-cumulative, non-convertible, taxable bonds in a number of sequence or tranches on personal placement foundation from home market, it added.

First Revealed on Mar 15, 2019 10:30 pm

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