United Photovoltaics Group Limited (United
PV, Hong Kong, China), a pure play solar photovoltaic (PV) plant
investor and operator, announced that the company on January 18th, 2017 successfully completed the issue of three-year USD 250 million senior notes.
The Group intends to use net proceeds of the notes
for repaying part of the outstanding amounts under convertible bonds in
order to continuously optimize the existing debt structure, reads the
press release.
The notes’ initial purchasers are all large
international institutional investors, which indicates the international
capital market’s affirmation and confidence on PV’s future development,
the company emphasizes.
Despite the market volatility brought by
disadvantageous news such as the U.S. general election and the Federal
Reserve’s potential raise of interest rates, the Company received great
recognition and support from a number of international large investors,
with order amount over USD 600 million.
The Company has appointed Morgan Stanley and Merrill
Lynch International as the joint global coordinators. Morgan Stanley,
Merrill Lynch International, Nomura, China Merchants Securities (HK) and
CITIC CLSA Securities are the joint lead managers and joint bookrunners
in respect of the offer and sale of the notes.
source: http://www.solarserver.com
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