MUMBAI, Feb 25 (Reuters) - NTPC, India's largest
power producer, will raise 3 billion Indian rupees ($55.35
million) issuing 10-year bonds at 8.73 percent, according to two
Barclays, Darashaw, HDFC Life, IDFC, SBI Life and Yes Bank
are the investors in the deal, the sources said.
The pay-in date for the issuance is March 2.
NTPC will use part of the proceeds to finance capacity
addition, coal mining projects, and refinance debt.
The issue is rated "AAA" by Crisil, ICRA and Care.
($1 = 54.2000 Indian rupees)
(Reporting by Archana Narayanan; Editing by Prateek Chatterjee)