-Suzlon in talks with Indian banks for loan refinancing.
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.
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