A corporate bond with a volume of up to €25 million is being issued by S.A.G. Solarstrom to finance further growth. The company noted that it still expects to produce growth for the year as it has benefited from falling prices that are contributing to renewed PV project interest.
“This bond will enable investors to benefit not only from an extremely attractive fixed interest rate, but also from the positive impact of the accelerated energy turnaround,” commented, Dr. Karl Kuhlmann, CEO of S.A.G. Solarstrom AG. “As a manufacturer-independent system integrator, we are benefiting from the current price reductions in components for photovoltaic systems. That's why we are very confident, even under the current market conditions, that we will be able to continue our profitable growth course of the last few years.”
Private investors will be able to subscribe to the bond through their house bank or their online broker via the Frankfurt Stock Exchange. The subscription period is expected to run from June 30 to July 7, 2011.