MUMBAI, Nov 27 (Reuters) - Indian wind turbine maker Suzlon
Energy Ltd, which last month defaulted on a $200
million convertible bond redemption, has been admitted to
India's corporate debt restructuring process, sources with
direct knowledge of the situation said on Tuesday.
Suzlon's secured domestic debt totalling 110 billion rupees
($1.97 billion) and due in five and six years will be
restructured, with a two-year moratorium on interest and
principal repayment, after which it will be repaid over eight
years at a lower rate, one of the sources said.
The restructuring does not apply to its overseas bonds.
Suzlon declined to comment.
(US$1 = 55.7450 Indian rupees)
(Reporting by Tony Munroe and Swati Pandey; Editing by Aradhana