Suzlon eyes $300 mn loans by month-end

The money would be used to repay $360 mn of foreign currency convertible bonds due by July 27

Suzlon Energy , the world's fifth largest wind turbine maker, expects to tie up $300 million loans from banks by the end of June, a senior company official said on Monday.

Kirti Vagadia, head of corporate finance, said the money would be used to repay $360 million of foreign currency convertible bonds due by July 27.