DGAP-News: CENTROSOLAR Group AG issues corporate bond to finance growth
(firmenpresse) - DGAP-News: Centrosolar Group AG / Key word(s): Issue of Debt
CENTROSOLAR Group AG issues corporate bond to finance growth
01.02.2011 / 07:30
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- Corporate bond: 7.0 % p. a. / term 5 years / volume up to EUR 50 million
- Expansion of international sales network and project business planned
- Corporate rating of investment grade (BBB)
Munich, February 1, 2011 - CENTROSOLAR Group AG (listed in the Prime
Standard of the Frankfurt Stock Exchange, ISIN for shares: DE0005148506),
one of the leading suppliers of photovoltaic roof systems in Europe, is
launching its first corporate bond. The securities with a total volume of
up to EUR 50 million have a term of five years and will bear fixed annual
interest of seven percent. The proceeds from the bond issue are to be used
to accelerate the company's successful growth: 'We identified the trends in
the solar market early on and have secured ourselves a future-proof,
internationally strong position in the domain of photovoltaic roof systems.
We intend to use the proceeds of the issue to bolster this
position,' commented Dr Alexander Kirsch, Management Board Chairman of
CENTROSOLAR Group AG.
Its plans include increasing the pace of its expansion in the USA, where it
has enjoyed a growing presence since 2007. The planning of solar plants on
industrial roofs, a profitable and rapidly growing sales area in the
photovoltaic sector, will also be stepped up both in the domestic market
and internationally thanks to the proceeds of the issue: 'The decision our
company took several years ago to diversify its sales markets is paying
dividends. With our focus on roof systems and our increasingly
international make-up, we are benefiting from the preferential incentives
available for smaller roof systems worldwide and can absorb market
fluctuations in individual countries,' explained Dr Alexander Kirsch.
CENTROSOLAR already generates over half of its revenue internationally. The
company furthermore sets itself apart from mass suppliers by offering a
comprehensive range of services and operating a dense sales network. This
expansion should further consolidate the overall group's broad basis in
several highly promising market segments.
The company's success is demonstrated on the one hand by the revenue and
earnings figures for 2010, when the previous year's trading figures were
bettered after just nine months, and on the other hand by the recent
concluding of a production agreement with TSMC Limited, the world's biggest
contract manufacturer of semiconductors based in Taiwan. CENTROSOLAR will
act as the group's exclusive manufacturer of crystalline solar modules in
Europe, with an annual volume of initially 100 MWp. The agreement shows
that CENTROSOLAR is capable of manufacturing premium modules in Germany on
a long-term competitive basis. CENTROSOLAR will be creating the capacity
required for the agreement in a new production building on a site adjacent
to the existing plant in Wismar, Germany.
Further confirmation of the efficiency and soundness of CENTROSOLAR Group
AG has come from Creditreform Rating AG, which has issued a current rating
of the company in connection with the bond issue and assessed it as
investment grade BBB.
With a minimum investment amount of EUR 1,000, the bond is also designed to
appeal to private investors. The bond can be obtained directly fromthe
company (www.centrosolar-group.com) from February 2. In addition, private
investors can acquire the bond through their bank by placing a purchase
order with the Stuttgart Stock Exchange. At the end of the subscription
period the bond will be admitted to trading in the Bondm segment of
Stuttgart Stock Exchange and regularly traded.
Key data on the corporate bond
Volume of issue: Up to EUR 50,000,000
Denomination: Up to 50,000 in nominal amounts of EUR 1,000 each
Minimum investment: EUR 1,000
ISIN: DE000A1E85T1
WKN: A1E85T
Term: February 15, 2011 to February 14, 2016
Interest: 7.0 % p. a.
Interest paid: Annually, first on February 15, 2012
Redemption price: 100 %
Type of security: Bearer bond
For further information on the bond, please visit
www.centrosolar-group.com.
About CENTROSOLAR Group AG:
The listed company CENTROSOLAR Group AG, Munich, (stock exchange code WKN
514850) is one of the leading suppliers of photovoltaic (PV) systems for
roofs and key components, with over 1,000 employees in Europe and North
America and annual revenue in excess of EUR 300 million (2009). Its product
range comprises solar integrated systems, modules, inverters, mounting
systems and solar glass. It generates around half its revenue
internationally. There are CENTROSOLAR branches in Spain, Italy, France,
Greece, Switzerland, the Netherlands, the UK, Canada and the USA.
CENTROSOLAR has a solar glass manufacturing plant in Fürth and a module
production plant in Wismar (Germany). Over the past two years, the
production lines for the finishing of glass have been substantially
extended in response to rising demand and now have an annual production
capacity of up to six million square metres. Module manufacturing was also
stepped up quite substantially in response to soaring demand. The module
plant certified to DIN ISO 9001:2008 in Wismar is one of the largest and
most efficient such plants in Europe, with an annual capacity currently of
200 MWp. For further information, visit: www.centrosolar-group.com.
Contact:
Free bond information hotline (within Germany): 0800 2244040
For further information, please contact:
MetaCom Corporate Communications GmbH
Georg Biekehör
Tel.: +49 (0) 6181 982 80 30?E-mail: g.biekehoer(at)go-metacom.de
Disclaimer:
This communication is intended solely for your information and does not
constitute an offer on the part of CENTROSOLAR Group AG or a solicitation
of an offer to buy or subscribe for securities. Interested investors should
base their investment decision regarding the bond solely on the information
on the securities and the risks associated with the purchase of the
securities contained in the prospectus to be published by CENTROSOLAR Group
AG in connection with the public offering of the securities. The bond is
subject to certain restrictions which can be noted from the prospectus.
This communication and the bond offering are not intended for U.S. citizens
or for persons in the United States of America, Canada, Australia or Japan.
End of Corporate News
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01.02.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Centrosolar Group AG
Walter-Gropius-Str. 15
80807 München
Deutschland
Phone: +49 (0)89 20 1800
Fax: +49 (0)89 20 180 555
E-mail: info(at)centrosolar.comInternet: www.centrosolar.com
ISIN: DE0005148506
WKN: 514850
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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110632 01.02.2011
Datum: 01.02.2011 - 07:30 Uhr
Sprache: Deutsch
News-ID 33100
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Kategorie:
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