Suntech said under the new agreement, a majorityof holders of its 3% convertible notes have agreed not to exercise their rightsuntil 28 June, subject to certain standard conditions.
The $541m of notes were originally duefor repayment on 15 March, a deadline Suntech crashed through to become thefirst major Chinese company to default on its bonds.
Suntech had already negotiatedone forbearance agreement taking it until today.
Trying
