Suzlon restructuring sets FCCB precedent.

• Autores: Ashley Lee
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 33, Nº. 9 (Oct2014), 2014
• Idioma: inglés
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• Resumen

  • The article reports on wind turbine supplier Suzlon Energy's decision to substitute the four series of its foreign currency (FC) convertible bonds (CB) with new CB worth 547-million dollars due 2019 in India. Topics covered include the dependence of the restructuring on the balance of Indian lenders, foreign lenders, and foreign bondholders, the role of the Reserve Bank of India, and the importance of the deal to other Indian companies that have failed to pay their FCCB.