The foreign currency convertible bondholders of Suzlon Energy are meeting on Wednesday to decide on the company’s proposal to restructure its $485 million of debt. That proposal will be put to a vote by each series of bondholders in respective back-to-back meetings at the offices of law firm Linklaters LLP in London. The deal could eliminate a potential threat of liquidation and prod Suzlon toward recovery after four straight years of losses.
Bondholders meet crucial for Suzlon
July 8, 2014: