{"id":282645,"date":"2019-07-17T05:00:57","date_gmt":"2019-07-17T05:00:57","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=282645"},"modified":"2019-07-17T05:11:19","modified_gmt":"2019-07-17T05:11:19","slug":"suzlon-defaults-on-172-mn-bond-payments-says-working-to-resolve-crisis","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/suzlon-defaults-on-172-mn-bond-payments-says-working-to-resolve-crisis\/","title":{"rendered":"Suzlon defaults on $172 mn bond payments, says working to resolve crisis"},"content":{"rendered":"<p>Wind turbine maker Suzlon Energy Tuesday defaulted on a payment of $172 million worth of principal amount related to outstanding bonds. <\/p>\n<p>&#8220;The company has not made the payment of the principal amount of the outstanding bonds, being $172,000,000 (about Rs 1,180 crore), which was due on July 16, 2019, (Tuesday) in accordance with the terms and conditions of the bonds,&#8221; Suzlon Energy said in a statement. <\/p>\n<p>It added that the company is working on a holistic solution for its debt and continues to be in discussions with various stakeholders in relation to its outstanding debt, including the bonds. <\/p>\n<p>The outstanding principal amount of $172 million was part of a bond issue of $546.91 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wind turbine maker Suzlon Energy Tuesday defaulted on a payment of $172 million worth of principal amount related to outstanding bonds. &#8220;The company has not made the payment of the principal amount of the outstanding bonds, being $172,000,000 (about Rs 1,180 crore), which was due on July 16, 2019, (Tuesday) in accordance with the terms and conditions of the bonds,&#8221; Suzlon Energy said in a statement. It added that the company is working on a holistic solution for its debt and continues to be in discussions with various stakeholders in relation to its outstanding debt, including the bonds. The outstanding [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-282645","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=282645"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282645\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=282645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=282645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=282645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}