DGAP-News: SolarWorld AG / Key word(s): Bond
SolarWorld AG pays back corporate bond according to schedule
02.05.2011 / 10:02
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Maturity period of bearer bonds ends after seven years
Seven years after the start of its issue on May 2, 2004, the maturity
period of a corporate bond floated by SolarWorld AG ends today. At the time
in 2004, the group offered bearer bonds with an annual interest rate of
seven percent. The volume amounted to EUR 25 million, which the company is
now paying back to investors as scheduled.
'We lived up to the trust that investors placed in our then young and
fairly unknown company,' says Dr.-Ing. E.h. Frank Asbeck, Chairman and CEO
of SolarWorld AG, 'and through our long years of sound financing, we have
acquired a good name in the capital market.'
The bond produced a safe return for investors, and with its help SolarWorld
AG was in a position to broaden its capital base and consistently reach its
growth objectives in a strongly expanding market environment. 'Measured
against the 2004 revenue of EUR 199.9 million, the 25-million bond was an
important building block for the financing of further growth,' explains
Philipp Koecke, Chief Financial Officer of SolarWorld AG, which generated
revenues in excess of EUR 1.3 billion in 2010. 'For us as a growth-oriented
company, bonds are an interesting financing instrument,' Koecke continues.
As recently as in January of 2010, the group successfully issued a bond
with a volume of EUR 400 million.
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 through wafers, cells and
modules all the way to turn-key solar systems of all sizes, the group
combines all stages of the solar value chain. The central business activity
is selling quality modules into the installation and distribution trades
and crystalline wafers to the international solar cell industry. Group
headquarters are located in Bonn, Germany. The group's largest production
facilities operate in Freiberg, Germany and Hillsboro in the U.S. State of
Oregon. Sustainability is the basis of the group strategy. Under the name
Solar2World, the group supports care projects using off-grid solar-power
solutions in developing countries, exemplifying sustainable economic
development. Worldwide, SolarWorld employs more than 3,600 people.
SolarWorld AG has been quoted on the stock exchange since 1999 and today is
listed on, among others, the TecDAX and ÃkoDAX as well as in the
sustainability index NAI.
Contact: SolarWorld AG Investor Relations/Corporate Communications,
Tel.-No: +49 (0)228/55920-470;
Fax-No: +49 (0)228/55920-9470,
E-Mail: placement@solarworld.de
Internet: www.solarworld.de
End of Corporate News
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02.05.2011 Dissemination of a Corporate News, transmitted by DGAP - 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 9470
E-mail: placement@solarworld.de
Internet: www.solarworld.de
ISIN: DE0005108401
WKN: 510840
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime
Standard); Freiverkehr in Berlin, Hamburg, München,
Stuttgart; Terminbörse EUREX
End of News DGAP News-Service
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122422 02.05.2011
DGAP-News: SolarWorld AG pays back corporate bond according to schedule
| Source: EQS Group AG