Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Suzlon Finishes $1.8 Billion Debt Restructuring With Share Issue

Suzlon Energy Ltd., the Indian wind-turbine maker that failed to repay convertible debt last year, said it implemented its 95 billion rupee ($1.8 billion) debt reorganization plan and issued new shares to lenders.

Suzlon completed an issue of 302.4 million shares at 18.51 rupees each to its lenders on a preferential basis, the first phase of its planned allotment, the Pune-based company said today in a statement.

The share issue was part of the $1.8 billion debt restructuring plan the company’s domestic lenders -- comprising a group of 19 banks -- approved in January after Suzlon failed to pay $209 million of foreign-currency convertible notes on Oct. 11. It was India’s biggest convertible-bond default.

The plan included a two-year moratorium on principal and interest payments, a proposal to reduce the interest rate by 3 percent, an extension of repayment by eight years after the moratorium begins Oct. 1 and equity allotment to its lenders, according to the statement.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.