Debt-laden Suzlon may be an attractive bet for Canadian asset manager Brookfield

MUMBAI: India’s largest wind turbine maker Suzlon Energy Ltd, once a darling of the stock markets, defaulted on payments to bondholders earlier this week, thus again leading the company to knock at its creditors doors for a debt restructuring solution.

Following the default, secured creditors of Suzlon signed an inter-creditor agreement, under which the lenders will look to implement a strategy to resolve the stressed account.

One potential resolution that has emerged involves Canadian asset manager Brookfield Asset Management, which manages over $350 billion of assets.