Canadian Solar issues commercial paper in China
Canadian Solar Inc.has announced that its wholly owned subsidiary CSI Solar Power (China) Inc. has successfully completed the initial issuance of RMB400 Million (US$60 million) commercial paper.
With a tenor of 1 year, the commercial paper bears a fixed interest rate of 5.5%. Canadian Solarintends to use the proceeds from this issuance to repay debt and to enhance its working capital. China CITIC Bank Corporation Limited acted as the underwriter and book runner of the issuance.
Dr.Shawn Qu, Chairman and Chief Executive of Canadian Solar Inc. commented:
"We are delighted to complete our first issuance of commercial paper in the Chinese capital market, further expanding our financing options. This transaction underscores investors' confidence in Canadian Solar's strong position in the global solar industry."
Founded in 2001 in Canada, Canadian Solar is a manufacturer of solar photovoltaic modules and provider of solar energy solutions, Canadian Solar also has a geographically diversified pipeline of utility-scale power projects in various stages of development. In the past 14 years, Canadian Solar has successfully delivered over 15 GW of modules to over 90 countries around the world.
Country news
-
-
September 07, 2016
Everbright International secures Henan Taikang Waste-to-energy concession
China Everbright International Limited has announced that it has signed a concession agreement for a household waste-to-energy project with the People's Government of Taikang County, Henan Province. Read more -
August 31, 2016
China Yangtze Power to take minority stake in 288-MW Meerwind Sued/Ost offshore wind complex
China Yangtze has plans to acquire a minority stake in the 288 MW Meerwind Sued / Ost offshore wind farm park in Germany. In parallel, its parent company China Three Gorges Corp (CTG) will hold a majority stake in the project. Read more -
August 17, 2016
Neo Solar Power secures USD123.6 million syndicated loan
Neo Solar Power Corporation (NSP) has announced that it has secured an US$123.6 million syndicated loan led by ING Bank. Read more -
August 08, 2016
Kong Sun Holdings to acquire 30 MW PV plant from Yingli Green Energy
Kong Sun Holdings Ltd, through its wholly-owned subsidiary, has agreed to acquire Tieshan Project Company, an owner and operator of solar photovoltaic power plant from Yingli Power Investment. Read more -
July 28, 2016
Legal firm Jones Day bolsters its integrated projects, energy, and finance capabilities in Asia
The global law firm Jones Day has announced the addition of five partners in Asia with extensive experience related to large infrastructure projects, banking and finance, and energy transactions. James Harris, Julien Reidy, Bruce Schulberg, and Alex Cull will join in Singapore, and Kanyi Lui will join in Beijing (China). Read more
