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 sets out to take full control of Germany's REpower.
Suzlon sets out to take full control of Germany's REpower.

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.

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