Suzlon defaults on US$209 million in convertible bonds
May issue notes denominated in US$ to fund 2012 repayment.
Sources said India’s largest maker of wind turbines failed to redeem US$175.8 million of zero-coupon notes and US$32.8 million of 7.5% bonds that fell due on October 11.
Suzlon completed a US1.7 billion debt restructuring last month that included issuing shares to its lenders.