NHPC Limited successfully raised ₹2,000 Crore on February 27, 2026, through the private placement issuance of Unsecured, Redeemable, Non-Convertible, Non-Cumulative, and Taxable 7.29% AH Series Bonds 2041. The total bond issuance consists of 200,000 securities at a face value of ₹1,00,000 each. The bonds carry a coupon rate of 7.29% p.a., with repayment structured through ten annual instalments commencing after 6 years.
Successful Private Placement of Bonds
NHPC Limited has announced the successful completion of a private placement to raise funds totaling ₹2,000 Crore. This financing was executed on February 27, 2026. The securities issued are designated as Unsecured, Redeemable, Non-Convertible, Non-Cumulative, and Taxable 7.29% AH Series Bonds maturing in 2041.
Issuance Details
The total size of the issue amounts to ₹2,000 Crore, derived from the issuance of 200,000 securities, each with a face value of ₹1,00,000. The coupon interest rate offered for these bonds is fixed at 7.29% per annum. The tenor of the instrument is set at 15 Years from the deemed date of allotment.
Listing and Maturity Structure
The bonds are proposed for listing on the Wholesale Debt Market (WDM) segment of both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The Deemed Date of Allotment for all series (STRPP A through J) is February 27, 2026.
The principal repayment schedule is designed to occur annually over 10 installments, commencing from the expiry of 6 years (the maturity date for STRPP A). The final maturity date for the entire series (STRPP J) is February 27, 2041.
Amortization Schedule Highlights
The amortization schedule details ten distinct tranches (STRPP A to J), each representing an equal principal amount of ₹200,00,00,000 (Rupees Two Hundred Crore) to be repaid annually starting from the 6th anniversary:
- STRPP A (6 Years): Principal repayment due on February 27, 2032.
- STRPP B (7 Years): Principal repayment due on February 25, 2033.
- STRPP C (8 Years): Principal repayment due on February 27, 2034.
- STRPP D (9 Years): Principal repayment due on February 27, 2035.
- STRPP E (10 Years): Principal repayment due on February 27, 2036.
- STRPP F (11 Years): Principal repayment due on February 27, 2037.
- STRPP G (12 Years): Principal repayment due on February 26, 2038.
- STRPP H (13 Years): Principal repayment due on February 25, 2039.
- STRPP I (14 Years): Principal repayment due on February 27, 2040.
- STRPP J (15 Years): Final principal repayment due on February 27, 2041.
Interest payments are structured to be YEARLY, utilizing the ACTUAL/ACTUAL Day Count Convention for cash flow calculations across all tranches.
Source: BSE
