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NTPC Ltd Scraps Bond Sale After Sell Off In Government Bonds-Business Standard


Thursday, 20 Jun 2013 02:43am EDT 

Business Standard reported that NTPC Ltd scrapped its bond sale scheduled for June 20, 2013 after a sell off in government bonds caused worries about the pricing of its debt, four sources with direct knowledge of the bond sale said. The firm was planning to raise up to INR10.00 billion 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. 

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