July 27 (Reuters) - India's Suzlon Energy Ltd, the
world's fifth largest wind turbine maker, said on Friday it has
redeemed its $360 million of foreign currency convertible bonds
through various instruments.
Earlier this week, the company raised $281 million in
short-term loans to repay holders of its FCCB that mature on
It has been under pressure for the last few years as global
turbine sales slowed and its huge borrowings for expansion
started to hurt.
(Reporting by Swati Pandey in MUMBAI; Editing by Anupama