"We
have
redeemed
these
FCCBs
through
a
combination
of
instruments
–
including
the
proceeds
from
the
sale
of
non-critical
assets,
internal
accruals,
and
the
new
facilities
from
our
senior
secured
lenders,"
says
chief
financial
officer
Kirti
Vagadai.
Vagadai
says
lenders
had
demonstrated
their
"ongoing
support
and
confidence
in
the
company
and
its
business".
The
June
FCCBs
comprised
two
series
with
redemption
values
of
$306.8m
and
$53.4m.
Earlier
this
year
some
analysts
had
questioned
Suzlon's
ability
to
meet
its
payments.
Suzlon
had
successfully
requested
a
45-day
extension
on
the
redemption
of
the
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