Deal Announcement: Debt Restructuring of Websol Energy System Limited
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Date23 Mar 2017
We are delighted to share that Keynote has successfully completed the Debt Restructuring for Websol Energy System Limited (Websol). Keynote acted as the Sole Financial Advisor for the Debt Restructuring which included restructuring of Foreign Currency Convertible Bonds (FCCB) and One-Time Settlement (OTS) with Banks. Highlights of the Transaction: FCCB Restructuring: Successfully negotiated with the Bondholders to restructure the Bonds for markdown of Principal Value, extension of Tenor and reset of Conversion Price Successfully led the negotiation with Bondholders achieving 30% markdown in Principal Value and 58% in accrued value of Bonds Facilitated compliance with Reserve Bank of India to... Read More →
