Primus to use bank loans, equity to pay for AIG unit

TAIPEI, Oct 13 (Reuters) - Primus will use bank loans and
equity from itself and a Chinese partner to pay for American
International Group's (AIG.N) Taiwan life insurance unit in a
deal worth $2.15 billion, its financial advisor said on Tuesday.

An executive from Deutsche Bank, which is Primus' financial
advisor, told Reuters that Primus would be using bank loans to
pay up to 35 percent of the $2.15 billion needed to purchase
AIG's Nan Shan unit.

The remainder will be paid for using Primus' and its Chinese
partner China Strategic's (0235.HK) equity, said the executive,
who asked not to be named due to the sensitivity of the issue.
(Reporting by Faith Hung; Editing by Jonathan Hopfner)