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Suzlon Group successfully completes $ 647 million bond issue

26 Mar 2013 Evaluate

Suzlon Group has successfully completed $647 million bond issuance, by its wholly owned subsidiary - AE Rotor Holding (AERH). The bonds are US dollar-denominated and backed by Stand-By Letter of Credit (SBLC) from State Bank of India and have a five year bullet maturity. The bonds will be listed on the Singapore stock exchange (SGX).

J.P. Morgan acted as Sole Bookrunner and Joint Lead Manager, with SBICAP (UK) also acting as Joint Lead Manager for the issue. The funds raised through this issue will be used to refinance existing US dollar denominated foreign currency debt of the Issuer and its subsidiary.

Suzlon Energy is leader in wind energy in the India, which is world’s fifth largest wind energy market. Its business model has range of services that include development, manufacturing, marketing, EPC project delivery and operations and maintenance of wind turbine generators around the world.

Suzlon Energy Share Price

53.92 0.28 (0.52%)
10-Jul-2026 16:59 View Price Chart
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