Greenko Group Said to Hire Banks for Planned Bond Sale

Greenko Group Plc (GKO), 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 (BARC), Deutsche Bank AG, and JPMorgan Chase & Co. (JPM) 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.

To contact the reporters on this story: Anurag Joshi in Mumbai at ajoshi53@bloomberg.net; George Smith Alexander in Mumbai at galexander11@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Iain Wilson, Madelene Pearson

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