July 27, 2012
Suzlon fully redeems FCCBs of US$ 360 mn
Mumbai: Mr Kirti Vagadia, CFO â Suzlon Group, said: âI 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 â 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 â particularly our customers,
bondholders, suppliers and aemployees â for their continuing support.âÂ
