SolarWorld AG / Issue of Debt
14.01.2010
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Financial Flexibility for Growth with Focus on Germany
SolarWorld AG successfully issued a bond with a volume of 400 million EUR.
In this way the group strengthens its financial flexibility for continued
international growth. The emphasis lies on the expansion of production
capacities at the German site Freiberg in Saxony. 500 new jobs are to be
created there. Today the group already employs 1,500 people in Freiberg.
The bond has a maturity period of seven years with an interest rate of 6.15
per cent per annum. The denomination is 1,000 EUR. The bond is scheduled to
be listed at the Luxembourg stock exchange: WKN: A1CR73, ISIN:
XS0478864225, Common Code: 047886422.
The bond was placed primarily with banks and intermediaries in the private
investors' market in Germany and Europe. Deutsche Bank AG and J.P. Morgan
Securities Ltd. are the Joint Lead Managers of the transaction. In
addition, Hauck & Aufhäuser Privatbankiers KGaA act as Co-Lead Manager.
Philipp Koecke, Chief Financial Officer of SolarWorld AG: 'With the issue
of this bond we are continuing our successful ten-year stock exchange
history and we are delighted with the trust that the capital market has
been placing in us. This was confirmed by the fact that the bond was
oversubscribed twice over within a very short period of time. The bond is
another building block in our sound financial basis.'
About SolarWorld AG: The SolarWorld AG Group (ISIN: DE0005108401) is a
worldwide leader in offering brand-name high quality, crystalline solar
power technology. Its strength is its fully integrated solar production.
From silicon as the raw material via wafers, cells and modules all the way
to turn-key solar systems including recycling the group combines all the
stages of the solar value chain. The central business activity is selling
quality modules to the specialist trade and crystalline wafers to the
international solar cell industry. Group headquarters are located in
Bonn/Germany. Production sites are to be found in Germany, the USA and
South Korea. The largest production facilities are operated by the group in
Freiberg/Germany and in Hillsboro/USA. Sustainability is the basis of the
group strategy. Under the name of Solar2World the group supports care
projects using off-grid solar power solutions in emerging economies and
developing countries, exemplary of sustainable economic development.
Worldwide, SolarWorld employs more than 2,700 people. Since 1999 SolarWorld
AG has been quoted on the stock exchange, among others in the technology
index TecDAX, ÃkoDAX, Dow Jones STOXX 600, the international MSCI Index as
well as in the sustainability indices DAXglobal Alternative Energy and NAI.
Contact SolarWorld AG
Press: Tel.-No.: 0228/55920-400, E-Mail: press@solarworld.de
Investor Relations: Tel.-No.: 0228/55920-470; Fax-No.: 0228/55920-9470
E-Mail: placement@solarworld.de; Internet: www.solarworld.de
14.01.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: SolarWorld AG
Martin-Luther-King-StraÃe 24
53175 Bonn
Deutschland
Phone: +49 (0)228 - 559 20 470
Fax: +49 (0)228 - 559 20 99
E-mail: placement@solarworld.de
Internet: www.solarworld.de
ISIN: DE0005108401
WKN: 510840
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf;
Freiverkehr in Berlin, München, Hamburg, Stuttgart;
Terminbörse EUREX
End of News DGAP News-Service
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DGAP-News: SolarWorld AG Places 400 Million Euro Bond
| Source: EQS Group AG