India's Suzlon Energy issuing convertible bonds

Hong Kong, Sept 21: India's Suzlon Energy the world's fourth-largest wind turbine maker, is selling $200 million of ero coupon convertible bonds due October, 2012, a source close to the deal said on Friday.

The bonds will finance existing debt in the company and will have a yield to maturity of 7.55 percent per annum.

Conversion will be at a price of 1,859.40 rupees ($46.62) per share, representing a premium of 30 percent over the reference price.

Credit Suisse is the offering's sole bookrunner.

Reuters
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