Representative image Team News Riveting New Delhi, December 14 National Thermal Power Corporation (NTPC) will raise Rs 500 crore through the issuance of non-convertible debentures on a private placement on Friday. "NTPC has decided to issue unsecured non-convertible debentures of Rs 500 crore on December 16, 2022, through private placement at a coupon of 7.44 per cent per annum with a door to door maturity of 10 years 3 months 30 days on April 15, 2033," state-run power giant said in a regulatory filing today. The proceeds will be utilized for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes, it stated. The debentures are proposed to be listed on BSE. The company said Debenture Trust Deed will be duly executed as per the requirements of and within the period of time prescribed under the Companies Act and rules specified therein.