Linklaters advises on NTPC’s updated $6billion MTN programme

India’s largest power producer NTPC has updated its $6billion MTN programme, listed on the India International Exchange (INX), India's first international stock exchange, and the Singapore stock exchange (SGX). When the programme got listed on the INX in 2018, it was India’s first quasi-sovereign company to list on the INX.


The programme will help NTPC raise funds at lower costs from international investors and also allow foreign investors to access good quality Indian debt paper.


Linklaters advised Barclays Bank Plc; Citigroup Global Markets Limited; MUFG Securities EMEA plc; Standard Chartered Bank on the deal, with a team led by Capital Markets partner Amit Singh, counsel Michele Discepola and associate Sonny Ha.