The
company's
looming
obligations
include
$569m
of
payments
on
equity-backed
foreign
currency
convertible
bonds
(FCCBs).
Suzlon
chief
financial
officer
Kirti
Vagadia
says
in
a
statement:
"We
are
working
aggressively
on
our
plans
to
manage
our
near-term
repayment
obligations
and
remain
very
confident
of
meeting
them.”
Vagadia
adds:
"We
have
excellent
business
visibility,
backed
by
a
record
order
book,
secure
long-term
OMS
(operations,
maintenance
and
service)
revenues,
and
almost
no
leverage
on
our
international
assets.
“Our
lenders
are
fully
supportive
and
we
are
also
working
with
large
international
banks
on
meaningful
debt-raising
options,
including
high-yield…