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Thursday, February 28, 2008

NTPC - Updates

National Thermal Power Corporation Ltd (NTPC) has informed that the Company has signed a loan Agreement of Euro 68.56 million with the Nordic Investment Bank (NIB) on February 15, 2008, a multilateral financial institution owned by the Nordic and Baltic countries, to part finance the capital expenditure of its projects. The loan has a maturity of 12 years including availability period of 3 years. The loan carries a floating rate of interest linked to EURIBOR and is without sovereign guarantee. This is the first loan that NTPC has tied up with NIB.
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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Apr 15
18:00 NY Empire State Manufacturing Index 2 -8.1 -14.5 -20.0
18:25 Redbook Index (YoY) 1 6.6% 7.2%
n/a GDT Price Index 1 1.1%
21:00 52-Week Bill Auction 1 3.820% 3.945%
Wednesday, Apr 16
02:00 API Weekly Crude Oil Stock 1 2.400M -1.680M -1.057M
04:40 Fed's Cook speech 2
06:30 Westpac Leading Index (MoM) 1 0.06%
11:30 Retail Price Index (MoM) 2 0.0% 0.6%
11:30 Retail Price Index (YoY) 2 3.2% 3.4%
11:30 Consumer Price Index (YoY) 3 2.7% 2.8%
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