By Isabella Kaminski

Crystalline solar technology producer SolarWorld has floated a €150 million (£135m) bond. The group previously issued a bond in 2010.

The bond carries a five-year maturity period and will carry an annual interest rate of 6.375%. The company plans to list the bond (which has a €1000 denomination) at the Luxembourg stock exchange: WKN: A1H3W6, ISIN: XS0641270045, Common Code: 064127004.

The bond has mainly been placed with financial institutions and intermediaries in the private investment sector in Germany and other European countries. Commerzbank and Deutsche Bank are the joint lead managers of the transaction.

Philipp Koecke, CFO of SolarWorld, says: “We are happy that we again managed to gain the trust of the capital market and to float a bond successfully. It forms another building block for the financing of the international growth of the company.“