Suntech Must Make Friday Debt Payment, Bondholders Say
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Suntech Power Holdings Corp., the Chinese solar-panel maker that announced a forbearance agreement March 11 for $541 million in convertible debt, may be required to pay bondholders who haven’t agreed to the deal.
About 60 percent of the bondholders have agreed to wait until May 15 before exercising their rights, the company said in a statement.