Successful placement of bonds
(Thomson Reuters ONE) -
Sandvika, April 14, 2011: Reference is made to Renewable Energy Corporation
ASA's (REC) announcement on April 12, 2011 regarding the intention to issue new
senior unsecured bonds in the Norwegian market. REC has successfully placed two
new bond issues of NOK 500 million and NOK 700 million with 5 and 7 year tenors
respectively. Settlement date is expected to be May 3, 2011.The offering was
oversubscribed.
As part of the bond offering, REC offered conditional buy-back of the existing
bond REC01. Total volume bought back in REC01 is NOK 600 million, and the
repurchase price of 110 was fixed at end of business day April 13, 2011 with
settlement date May 3, 2011. As previously announced, the net proceeds will be
used for general corporate purposes.
REC is pleased with the transactions which extends the company's debt maturity
profile.
DnB NOR Markets, Nordea Markets and SEB Merchant Banking have acted as arrangers
of the transaction.
For further information please contact:
Mikkel Tørud, VP & IRO: +47 97 69 91 44
About REC
REC is a leading vertically integrated player in the solar energy industry. REC
is among the world's largest producers of polysilicon and wafers for solar
applications, and a rapidly growing manufacturer of solar cells and modules. REC
is also engaged in project development activities in selected PV segments.
Founded in Norway, REC is an international solar company, employing more than
4,200 people worldwide. REC had revenues close to NOK 14 billion in 2010.
Please visitwww.recgroup.com to learn more about REC.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Renewable Energy Corporation ASA via Thomson Reuters ONE
[HUG#1506362]
Unternehmensinformation / Kurzprofil:
Datum: 14.04.2011 - 08:57 Uhr
Sprache: Deutsch
News-ID 53518
Anzahl Zeichen: 2465
contact information:
Town:
HØVIK
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 194 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Successful placement of bonds"
steht unter der journalistisch-redaktionellen Verantwortung von
Renewable Energy Corporation ASA (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
