Bloomberg News

NHPC Said to Plan Raising 15 Billion Rupees From Bond Sale

February 26, 2012

(Updates with attempt to reach director in last paragraph.)

Feb. 24 (Bloomberg) -- NHPC Ltd., an Indian hydroelectric power producer, plans to raise as much as 15 billion rupees ($305 million) selling 15-year bonds, according to a person with direct knowledge of the matter.

The company will open a book-building auction on March 5 to sell the bonds, the person said, asking not to be identified as the matter is private. The auction closes on March 6, the person said.

NHPC Executive Director R.K. Taneja was not available for comment when called at his office phone number in New Delhi.

--With assistance from Anurag Joshi in Mumbai. Editor: Abhay Singh

To contact the reporter on this story: Kartikay Mehrotra in New Delhi at kmehrotra2@bloomberg.net

To contact the editor responsible for this story: Arijit Ghosh at aghosh@bloomberg.net


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