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Suzlon Energy defaults on payment of outstanding bonds

Power News - Published on Fri, 19 Jul 2019

Image Source: Suzlon
Suzlon Energy Limited has not made the payment of the principal amount of the outstanding Bonds, being USD 172,000,000, which was due on 16 July 2019 in accordance with the terms and conditions of the Bonds. The Company has said that it is working on holistic solution for its debt and continues to be in discussions with various stakeholders in relation to its outstanding debt (including the Bonds).

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Posted By : Ratan Singh on Fri, 19 Jul 2019
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