January 14, 2010

Bonn, Germany: SolarWorld AG Places 400 Million Euro Bond

SolarWorld AG successfully issued a bond with a volume of 400 million EUR. SolarWorld says the purpose of this is to strengthen the company's financial flexibility for continued international growth.

In the interim, the emphasis lies on the expansion of production capacities at the German site Freiberg in Saxony. 500 new jobs are to be created there. Today the group already employs 1,500 people in Freiberg.

The bond has a maturity period of seven years with an interest rate of 6.15 per cent per annum. The denomination is 1,000 EUR.

The bond is scheduled to be listed at the Luxembourg stock exchange. The bond was placed primarily with banks and intermediaries in the private investors’ market in Germany and Europe.

Deutsche Bank AG and J.P. Morgan Securities Ltd. are the Joint Lead Managers of the transaction. In addition, Hauck & Aufhäuser Privatbankiers KGaA act as Co-Lead Manager. Philipp Koecke, Chief Financial Officer of SolarWorld AG:

“With the issue of this bond we are continuing our successful ten-year stock exchange history and we are delighted with the trust that the capital market has been placing in us. This was confirmed by the fact that the bond was oversubsribed twice over within a very short period of time. The bond is another building block in our sound financial basis.”

Further details about: SolarWorld