Another source from Suzlon was quoted saying, "The company will use this amount to refinance the existing dollar debt. Though the existing international dollar loans are not bearing high interest costs, the current bond issuance will help to improve the cash flows as the company can enjoy the single bullet repayment instead of multiple installments," Analysts feel that raising a bond to pay off their foreign currency convertible bonds is a good idea because the bonds will be at a lower price than their existing debt. "Renewable energy will always receive government subsidy and if Suzlon Energy can trim its debt it will be in a better position to take advantage when sovereign issues are resolved in the developed world," said Abhijeet Biswas, managing director at Fortune Financial Services (India). Suzlon is becoming the first Indian company to attract investors while already in debt recast, merchant bankers to the deal said.