By Jennifer Chiou
New York, Sept. 21 - India's Suzlon Energy Ltd. priced $200 million of five-year zero-coupon convertible bonds to yield 7.55% with an initial conversion premium of 30% over its common stock's volume-weighted average price on Sept. 20.
The convertibles were offered at par.
Credit Suisse (Hong Kong) Ltd. was the bookrunner.
Suzlon, a Pune, India-based maker of wind turbines, did not specify how it will use the proceeds of the deal.
| Issuer: | Suzlon Energy Ltd.
|
| Issue: | Convertible bonds
|
| Bookrunner: | Credit Suisse (Hong Kong) Ltd.
|
| Amount: | $200 million
|
| Maturity: | 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Yield: | 7.55%
|
| Conversion premium: | 30%
|
| Conversion price: | Rs. 1,859.40
|
| Pricing date: | Sept. 21
|
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