NTPC breaks new yen ground

摘要

ntpc is breaking new ground for Indian borrowers with the first 10-year unsecured yen loan, which gives the state-owned power producer access to a new investor base and offers a cheaper alternative to offshore bonds. NTPC has mandated SMBC, MUFC and Mizuho to arrange the US$350m-equivalent Samurai loan, which will reduce its borrowing costs.