{"id":286857,"date":"2019-08-09T05:42:14","date_gmt":"2019-08-09T05:42:14","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=286857"},"modified":"2019-08-09T05:42:14","modified_gmt":"2019-08-09T05:42:14","slug":"suzlon-proposes-1-2-billion-deal-to-settle-stressed-debt-sources","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/suzlon-proposes-1-2-billion-deal-to-settle-stressed-debt-sources\/","title":{"rendered":"Suzlon proposes $1.2 billion deal to settle stressed debt: Sources"},"content":{"rendered":"<p>India\u2019s troubled wind-turbine maker SuzlonNSE 8.75 % Energy Ltd. offered to repay about 85 billion rupees ($1.2 billion) to lenders as part of a bad-debt-resolution plan, people with knowledge of the matter said. <\/p>\n<p>Creditors led by State Bank of India will have to take a haircut of as much as 44% on Suzlon\u2019s debt if the offer is accepted, the people said, asking not to be named as the information is not public. The settlement plan backed by Vestas Wind Systems A\/C is the only bid in front of lenders after Brookfield Asset Management Inc. dropped out of the race, one of the people said.<br \/>\nCompany Summary<br \/>\nNSEBSE<br \/>\nSuzlon Energy Ltd.0.35 (8.75%)<br \/>\nState Bank Of India2.30 (0.78%)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s troubled wind-turbine maker SuzlonNSE 8.75 % Energy Ltd. offered to repay about 85 billion rupees ($1.2 billion) to lenders as part of a bad-debt-resolution plan, people with knowledge of the matter said. Creditors led by State Bank of India will have to take a haircut of as much as 44% on Suzlon\u2019s debt if the offer is accepted, the people said, asking not to be named as the information is not public. The settlement plan backed by Vestas Wind Systems A\/C is the only bid in front of lenders after Brookfield Asset Management Inc. dropped out of the race, [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-286857","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286857","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=286857"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286857\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=286857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=286857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=286857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}