Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.

Publish Date : 16-Jan-2013

The company stated that, its Hong Kong subsidiary has enrolled into a subscription agreement with Samsung Securities (Asia) and Kookmin Bank Hong Kong to issue the bonds outside the US.

Previous month, Hanwha inked a $475m deal with the Bank of Beijing to fund project development.

According to the Jay Seo, chief financial officer, upcoming bond issue and the recent credit agreement gives the company “a solid foundation in required financial resources” for 2013.

“We are pleased to continue to have access to necessary capital to grow our business and manage our way through the current industry downturn.”

On 15 January 2016, notes will mature with payment of principal to be made at maturity. The interest on the notes will be adjusted in line with the LIBOR lending rate.

Hanwha SolarOne is part of Korean conglomerate the Hanwha Group, which last year bought Germany’s Q-Cells, turning it into one of the world’s top solar companies.

Go to previous page