Home News SolarWorld supplies over EUR 400 million bond

SolarWorld supplies over EUR 400 million bond

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FRANKFURT (Dow Jones) – SolarWorld AG has a Convertible debt recovered more than previously planned. The emission was a volume of EUR 400 million, said the Bonn solar group on Thursday with. The day before had one with the matter person familiar Dow Jones Newswires said the bond will have a volume from 250 million to 300 million euros.
According to Philip Koecke, Chief Financial Officer of SolarWorld AG, which was Borrowing more than twice oversubscribed. Other claims to the company must repay the money in seven years. Until then falling to 6.15% per year in interest. The purpose of the capital, the further international growth will be financed, it said in the Communication. The end of September showed the company in the Neunmonatsbilanz at total assets of nearly EUR 2.2 billion debts of 1.3 billion EUR out.

   

Website: www.solarworld.de

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(END) Dow Jones Newswires

January 14, 2010 10:00 ET (15:00 GMT)

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