{"id":345762,"date":"2020-04-07T11:12:48","date_gmt":"2020-04-07T05:42:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=345762"},"modified":"2020-04-07T11:12:48","modified_gmt":"2020-04-07T05:42:48","slug":"suzlon-restructuring-plan-gets-bondholders-nod","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/suzlon-restructuring-plan-gets-bondholders-nod\/","title":{"rendered":"Suzlon restructuring plan gets bondholders\u2019 nod"},"content":{"rendered":"<p>Bondholders of troubled wind energy maker Suzlon Energy have approved a restructuring plan with a 99.9% vote in a meeting held in Singapore on Monday, sources close to the development told FE.<\/p>\n<p>The approval of bondholders comes within a week of lenders approving the company\u2019s resolution plan, which implied around 60% haircut on a total exposure of `12,785 crore to financial creditors.<br \/>\nThe company gave two options to the bondholders on Monday. In the first, they were given the choice of converting their outstanding loans into equity, while in the second, they were allowed to exchange their outstanding dues with new US dollar-denominated convertible bonds to be due in 2032.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bondholders of troubled wind energy maker Suzlon Energy have approved a restructuring plan with a 99.9% vote in a meeting held in Singapore on Monday, sources close to the development told FE. The approval of bondholders comes within a week of lenders approving the company\u2019s resolution plan, which implied around 60% haircut on a total exposure of `12,785 crore to financial creditors. The company gave two options to the bondholders on Monday. In the first, they were given the choice of converting their outstanding loans into equity, while in the second, they were allowed to exchange their outstanding dues with [&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":[130,240,138],"tags":[],"class_list":["post-345762","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/345762","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=345762"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/345762\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=345762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=345762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=345762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}