India’s NHPC Said to Start Marketing Bond for Up to $301 Million
NHPC Ltd. (NHPC), an Indian hydroelectric power producer, started a book-building auction today to raise as much as 15 billion rupees ($301 million) of 15-year bonds, according to a person with direct knowledge of the matter.
Bidding will close tomorrow, the person said, asking not to be identified because the matter is private.
NHPC’s Executive Director of Finance, R. K. Taneja, wasn’t immediately available for comment.
With assistance from Anurag Joshi in Mumbai; Editor:
To contact the reporter on this story: Kartikay Mehrotra in New Delhi at email@example.com