Suzlon brings India's first CB this year

The $150 million deal comes with a tight 10% conversion premium, but is mostly pre-placed with a group of long-only anchor investors.

Suzlon brings India's first CB this year

Suzlon Energy, India’s biggest maker of wind turbine generators and the third-largest wind power equipment maker in the world, on Monday raised $150 million from a five-year convertible bond, which it will use as part payment to squeeze out minority shareholders in its German subsidiary REpower.

The company said in a separate announcement on Monday that it had increased its shareholding in REpower above the 95% threshold that will allow it to initiate squeeze-out proceedings...

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