General Announcement::Interest payment and capitalisation

Issuer & Securities

Issuer/ Manager
SUZLON ENERGY LIMITED
Securities
SUZLON US$35.9312M4%CB320813S - XS2200565203 - 5O1B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
17-Aug-2022 16:26:20
Status
New
Announcement Sub Title
Interest payment and capitalisation
Announcement Reference
SG220817OTHR59QM
Submitted By (Co./ Ind. Name)
Geetanjali Vaidya
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Pursuant to Condition 5.1 of the Terms and Conditions of the Bonds, the Issuer will on 17 August 2022

a. pay, in cash, interest on the Bonds at the rate of 1.25 per cent. per annum accrued from (and including) 17 February 2022 to (but excluding) 17 August 2022, which is equivalent to USD 61513.21 and

(b) capitalise and add to the outstanding principal amount of the Bonds, interest on the Bonds at the rate of 2.75 per cent. per annum accrued from (and including) 17 February 2022 to (but excluding) 17 August 2022, which is equivalent to USD 135330 (the Additional PIK Bonds).

The Additional PIK Bonds are expected to be admitted to the Official List of the Singapore Exchange Securities Trading Limited with effect from 9.00 a.m. on 19 August 2022.

Outstanding Principal Amount

The aggregate principal amount of the outstanding Bonds (taking into account the Additional PIK Bonds) as at 17 August 2022 is USD 9977444.

Attachments

Suzlon_17-08-2022.pdf
Total size =108K