Meyer Burger Technology advised that it had raised US$121.3 (CHF110 million) in long-term capital through a Swiss Franc dominated straight bond issuance. The bond holds a coupon of 5% payable annually and maturity date of May 24, 2017. Zürcher Kantonalbank, Credit Suisse and UBS Investment Bank collectively offered the bond issue to institutional and private investors.
The company noted that proceeds from the bond will primarily be used to finance its research and development with partial funds used for investments that support its integration of Roth & Rau, the focus on one location from different sites in Thun and for general corporate purposes.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
Payment for the bond is anticipated to occur on May 24. Meyer Burger stated that it will make an application for provisional admission to trading of the bond in the SIX Swiss Exchange on May 22.
