The company said it has concluded talks with a committee representing its bondholders and an agreement has been reached to issue new five-year bonds.
The new bonds will have a conversion price of 15.46 rupees. Their yield will be about 5%, said a statement from Suzlon.
The arrangement – which is subject to formal approval by bondholders and India’s financial authority – would end a process that began in October 2012, when Suzlon was unable to settle a chunk of foreign currency convertible bonds worth $221m.
The
