Saturday, January 26, 2013

Suzlon lenders approve 95 Billion rupee debt-restructuring plan

Suzlon Energy Ltd. (SUEL), India’s biggest wind-turbine maker, said lenders approved a 95 billion rupee ($1.8 billion) debt-restructuring plan and a two-year moratorium on principal and interest payments.

A consortium of 19 banks led by State Bank of India approved the proposal to reduce the interest rate by 3 percent and extend repayment by eight years after the moratorium, which begins Oct. 1, Pune-based Suzlon said in a stock exchange statement, which didn’t give the current rates of interest.

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Simulating with Proteus

https://youtu.be/GDxYzqvTcnI