Suzlon Energy Ltd.

Country’s largest wind turbine supplier, Suzlon Energy is all set to raise $650 million through issue of dollar-denominated bonds in overseas markets. The company will use the raised fund to prepay its forex debts. The bond sale is a part of the debt restructuring package announced on January 24 by beleaguered Suzlon Energy.

Earlier this year, the company received formal approval of its proposal for the restructuring of domestic debt by the Empowered Group of Corporate Debt Restructuring (CDR) Cell. The company's domestic lenders, a consortium of 19 banks has approved CDR package of Rs 9,500 crore / $1.8 billion.

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.