NHPC Limited has successfully raised ₹2,000 crore through the private placement of its AH Series Bonds. The fundraiser was completed on February 27, 2026, and involved the issuance of 200,000 unsecured, redeemable, non-convertible, and taxable bonds. Each bond has a face value of ₹1,00,000. The company said the issuance was carried out in line with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The AH Series Bonds offer a fixed annual coupon rate of 7.29 percent. Interest will be paid to investors on a yearly basis. The bonds have a total tenure of 15 years and will mature on February 27, 2041. The securities are proposed to be listed on the Wholesale Debt Market segments of both the Bombay Stock Exchange and the National Stock Exchange.
The repayment structure of the bonds has been designed in a phased manner. The principal amount will be redeemed in ten equal annual installments starting from the sixth year after allotment. The first repayment of ₹200 crore is scheduled for February 27, 2032. After that, equal payments will be made every year until the final redemption in 2041. The amortization will be carried out through Separate Tradable Redeemable Principal Parts, allowing investors to receive a steady return of capital during the last ten years of the bond period.
These bonds are unsecured, which means they are not backed by any specific assets of the company. The successful fundraising highlights NHPC’s continued access to domestic capital markets to meet its long-term financial needs. The allotment details were officially communicated from the company’s registered office in Faridabad, Haryana, and were signed by Company Secretary Rupa Deb.
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