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-Suzlon in talks with Indian banks for loan refinancing.

Global Banking News-June 11, 2012--Suzlon in talks with Indian banks for loan refinancing(C)2012 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 11 June 2012

Wind turbine maker, Suzlon Energy, is said to be conducting discussions with India-based SBI (NSE: SBI), IDBI, PNB, Central Bank and YES Bank (NSE: YESBANK) to raise upto USD300m in refinancing.

The money is to be used by the company to repay bondholders holding foreign currency convertible bonds (FCCBs).

The loss-making firm is looking to get a 45-day extension from bondholders to repay FCCBs maturing on June 12.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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Publication:Global Banking News (GBN)
Date:Jun 11, 2012
Words:116
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