Independent power producer, Etrion Corporation, has issued an €80 million bond in the Norwegian bond market, with plans to list the new bonds on the Oslo Stock Exchange within the next 30 days.
The proceeds from the issue are needed to refinance its existing €60 million corporate bonds that mature in April 2015, the company said.
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The company recently reported 2013 annual revenue of US$53.9 million with plans to expand PV project development in Chile and Japan in partnership with Total S.A. and Hitachi High-Technologies, respectively.
