Neo Solar Power raises US$120 million in bond issue



The largest merchant solar cell producer, Neo Solar Power (NSP) has raised approximately US$120 million in a bond issue.

According to reports, NSP was expected to use the proceeds for raw material purchases such as silicon wafers. The convertible bond was said to be a three-year deal.

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NSP recently reported June revenue of NT$2,208 million, down 15.82% compared to the previous month, ahead of US anti-dumping rulings expected at the end of July. 

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