Suzlon trims debt costs by issuing second CB

The fast-growing wind turbine company attracts strong demand thanks to a relatively low conversion premium and stabilising credit markets.

IndiaÆs Suzlon Energy, the worldÆs fifth largest manufacturer of wind turbine generators, was back in the market Friday raising $200 million from its second convertible bond issue in four months and, like last time, investors piled in for a chance to be part of this fast-growing company.

Having recently completed the Ç1.3 billion $1.8 billion acquisition of its German rival, REpower Systems, Suzlon is seen to be in a prime position to accelerate its growth in Europe, both within the...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition