India's Suzlon Energy hopes to reduce liabilities under 0% convertibles

By Devika Patel

Knoxville, Tenn., March 31 - Suzlon Energy Ltd. informed the Bombay Stock Exchange that it has notified holders of its $300 million in zero-coupon convertible bonds due June 2012 and its $200 million in zero-coupon convertible bonds due October 2012 that it is seeking to reduce its liability under the bonds.

The company hopes to exchange the bonds or change their terms.

Pune, India-based Suzlon Energy is a wind power company which manufactures, designs, develops and sells wind turbine generators.

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