GCL-Poly raises US$110 million from new bond

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The largest polysilicon producer GCL-Poly Energy Holdings has secured approximately US$110 million from a new corporate bond from qualified investors in China. 

GCL-Poly said that its polysilicon subsidiary Jiangsu Zhongneng had issued the first tranche of the bond and would use the net proceeds for general working capital needs. 

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The first tranche bond maturity is set for October 23, 2018.

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