星期六, 19 4 月, 2025
Home PV News Chinese developer buys back three-year senior notes issued three months ago

Chinese developer buys back three-year senior notes issued three months ago

The board of bailed-out Singyes Solar has bought back $18.4 million worth of notes issued in Singapore in late December and also hoovered up $240,000 worth which were unclaimed in the fundraising round.

Source:pv magazine

Bailed-out Chinese solar project developer and building-integrated PV manufacturer Singyes Solar has acquired more than US$18.6 million worth of senior notes issued in a US$415 million fundraising exercise in December.

The Guangdong-based company issued the notes on the Singapore stock exchange on December 19, announcing the move a day later. The fundraising exercise came after the heavily-indebted Hong Kong-listed business received a HK$1.55 billion (US$200 million) bail-out from Beijing-owned Water Development (HK) Holding Co Ltd in early November.

The Singyes board announced yesterday it had repurchased US$18.4 million of the notes and had also recovered US$240,125 of notes which were unclaimed in the fundraising exercise.

The company said it would cancel and write off the value of the US$18.6 million worth of notes and did not indicate the reason for the repurchase or whether it planned to acquire more of the issued notes, which are due to mature on December 19, 2022.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

City of Fresno can’t stop adding solar and storage to city-owned sites

Today the City of Fresno Dept. of Public Utilities (DPU) in California conducted a “Flip the Switch” ceremony to celebrate the completion of solar...

Texas 600 MW solar farm starts to build

Renewable developer Vesper Energy has cut the ribbon on Hornet Solar in Swisher County, Texas, one of the largest single-phase solar farms in the...

Invenergy gets PPA for 120-MW solar project in Washington

Invenergy announced it has signed a 20-year PPA with the Grant County Public Utility District for a 120-MW solar project in Washington State. Located...

Fayette commissioners approve ordinance to regulate solar farms

The Fayette County commissioners voted unanimously to pass a solar ordinance that will impact 31 of the county’s 42 municipalities during Thursday’s commissioner meeting. The...