(Bloomberg) -- Tata Power Co., India's second-biggest
utility by annual sales, will borrow $950 million to fund its
purchase of stakes in two Indonesian coal mines, according to
three people involved in the transaction.
The Mumbai-based company has hired Calyon to arrange a $600
million loan, which will be secured by the coal mines, and a $350
million loan, guaranteed by Tata Power, said the people who
didn't want to be identified before an announcement by the
borrower. Calyon is marketing the loans to other banks, they said.
Read more at Bloomberg Bonds News
utility by annual sales, will borrow $950 million to fund its
purchase of stakes in two Indonesian coal mines, according to
three people involved in the transaction.
The Mumbai-based company has hired Calyon to arrange a $600
million loan, which will be secured by the coal mines, and a $350
million loan, guaranteed by Tata Power, said the people who
didn't want to be identified before an announcement by the
borrower. Calyon is marketing the loans to other banks, they said.
Read more at Bloomberg Bonds News
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