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Suzlon Energy plans debt restructuring

Source : REUTERS
Last Updated: Mon, Oct 29, 2012 13:20 hrs

MUMBAI, Oct 29 (Reuters) - Suzlon Energy : * says plans to restructure debt over 10 yrs, with 2-yr moratorium on principal and interest payments. * Ongoing engagement with bondholders continues to be "constructive and progressive" * Management has decided to suspend guidance for current fy as liquidity constraints, volatile market, timeline of debt restructuring process will impact performance * Submitted corporate debt restrutcuring proposal with senior secured lenders (Reporting by Prashant Mehra)




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