Greenko Group Said to Hire Banks for Planned Bond Sale

Jun 11, 2014 2:16 am ET

June 11 (Bloomberg) -- Greenko Group Plc, which builds clean-energy projects in India, hired three banks to arrange a sale of dollar-denominated bonds, according to two people familiar with the matter.

The company has hired Barclays Plc, Deutsche Bank AG, and JPMorgan Chase & Co. to arrange the transaction, said the people, who asked not to be identified because the details are private. Greenko seeks to raise as much as $400 million from the sale, one of the people said.

Greenko said last week that it had 611 megawatts of clean- energy capacity operating. It plans to boost that to 2,000 megawatts by 2018.

--With assistance from Natalie Obiko Pearson in New Delhi.