NTPC scraps bond sale after sell-off in govt bonds

Jun 20, 2013, 01.17 PM IST

The firm was planning to raise up to 10 billion rupees through an issue of dual tranche bonds.

Like this story, share it with millions of investors on M3

NTPC scraps bond sale after sell-off in govt bonds

The firm was planning to raise up to 10 billion rupees through an issue of dual tranche bonds.

Like this story, share it with millions of investors on M3

NTPC scraps bond sale after sell-off in govt bonds

The firm was planning to raise up to 10 billion rupees through an issue of dual tranche bonds.

Share  .  Email  .  Print  .  A+A-

NTPC , India's largest power producer, scrapped its bond sale scheduled for Thursday after a sell-off in government bonds which caused worries about the pricing of its debt, four sources with direct knowledge of the bond sale said.

Also Read: Hold NTPC, target of Rs 180: Rajesh Agarwal

The firm was planning to raise up to 1000 crore rupees through an issue of dual tranche bonds.

Trading in government bonds was halted earlier in the day after yields hit their upper circuits on a global riskoff following the Federal Reserve's comments on tapering of its stimulus programme. The trading band has subsequently been removed for the day.

The benchmark 10-year government bond rose as much as 10 bps from its previous close. It was last trading at 7.33 percent. Corporate bonds in India are priced on the government bond yield curve.

From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'

The latest earning numbers FIRST on CNBC-TV18

Anda sedang membaca artikel tentang

NTPC scraps bond sale after sell-off in govt bonds

Dengan url

https://kesehatanda.blogspot.com/2013/06/ntpc-scraps-bond-sale-after-sell-off-in.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

NTPC scraps bond sale after sell-off in govt bonds

namun jangan lupa untuk meletakkan link

NTPC scraps bond sale after sell-off in govt bonds

sebagai sumbernya