Suzlon Energy secures $300 million from CB issue
An unusual structure sees Deutsche Bank buy $200 million of the bonds for its own books and sell the rest to the market through a high-premium, fixed-price deal.
Deutsche Bank yesterday put a good chunk of its own money to work by investing $200 million in a high-premium convertible bond for Suzlon Energy and investors showed they liked the bold move by snapping up the remaining $100 million in record time.
Part of the excitement was likely due to the sector, with India-based Suzlon being the largest wind turbine manufacturer in Asia, but there is a lot more at stake here as the company is currently involved in...
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