The US dollar-denominated, five-year, 4.97% coupon bonds were issued by AE Rotor Holding – a wholly-owned Suzlon subsidiary – and will be listed on the Singapore stock exchange.
Suzlon has been maneuvering to regain financial stability for months, including by striking a deal under India’s CDR (corporate debt restructuring) mechanism with a consortium of 19 banks that saw the group agree a $1.8bn
