MUMBAI Oct 11 Lenders to India's Suzlon Energy
Ltd will look at ways to restructure the debt of the
world's fifth-largest maker of wind turbines to help it repay
bondholders, a senior official of the State Bank of India (SBI)
said on Thursday.
SBI has around 35 billion rupees ($659 million) of debt
exposure to Suzlon, Santosh Nayar, deputy managing director of
the country's largest lender, told Reuters.
Suzlon was poised to default on redemption of more than $200
million in overseas convertible bonds, due on Thursday, after
bondholders rejected a four-month extension, sending its shares
down as much as 5 percent.
($1 = 53.1350 Indian rupees)
(Reporting by Swati Pandey; Editing by Sunil Nair)