Monday, June 4, 2007

India's Suzlon Energy to Borrow 1.3 Billion Euros for Repower Acquisition

(Bloomberg) -- Suzlon Energy Ltd., an Indian wind-
turbine maker, hired three banks to arrange a 1.3 billion euro
($1.75 billion) loan to buy a stake in Germany's Repower Systems
AG, according to a term sheet sent by one of the banks.

The company, run by Indian billionaire Tulsi Tanti, hired
ABN Amro Holding NV, ICICI Bank Ltd. and State Bank of India Ltd.
The loan will be used to refinance existing debt and to pay for
the acquisition, the document, obtained by Bloomberg News, said.


Read more at Bloomberg Bonds News

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