Tata Power to bid for Senoko; SBI to underwrite $1 billion loan

damain-b.com, 2 Sep 2008

Tata Power is bidding for Singapore's largest power producer, the 3300 MW Senoko Power Limited and has tied up financing arrangement with State Bank of India for a $1-billion loan at 350 basis points over London Interbank Offered Rate (Libor), and plans to make binding offer tomorrow .

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