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India's Suzlon raises $281 mln to repay bondholders-IFR
July 25, 2012 / 9:06 AM / in 5 years

India's Suzlon raises $281 mln to repay bondholders-IFR

July 25 (Reuters) - India’s Suzlon Energy has raised $281 million in short-term loans to repay its foreign convertible bondholders days before the extended maturity date, IFR reported on Wednesday.

Suzlon signed on Monday the 18-month loan facility with 11 lenders, including Bank of Baroda, Central Bank of India, Indian Overseas Bank, ICICI Bank and State Bank of India, IFR, a Thomson Reuters publication, said.

Last month, the wind turbine maker got approval from its foreign currency bondholders to postpone repayment of $360 million by 45 days to July 27. (Reporting by Manju Dalal of IFR in SINGAPORE; Editing by Jijo Jacob)

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