July 27, 2012
Suzlon fully redeems FCCBs of US$ 360 mn
Mumbai: Mr Kirti Vagadia, CFO Suzlon Group, said: I am pleased to announce
that we have redeemed, in cash, our FCCB liability of US$ 360 mn due today. We
have redeemed these FCCBs through a combination of instruments including the
proceeds from the sale of non-critical assets, internal accruals and the new facilities
from our senior secured lenders, who we would like to thank for their on-going
support and confidence in the company and its business. We would also like to take
this opportunity to thank our other key stakeholders particularly our customers,
bondholders, suppliers and aemployees for their continuing support.
