German solar firm Centrosolar to issue EUR 50m in bonds

German solar firm Centrosolar to issue EUR 50m in bonds

(ADPnews) - Jan 14, 2011 - German solar energy systems maker Centrosolar (ETR:C3O) on Friday said it would issue up to EUR 50 million (USD 66.7m) in bearer bonds through a public offering in Germany and Austria.

The five-year bonds will have an annual coupon rate of 7%, the company said, adding that it would file the issue prospectus for approval with the German financial regulator Bafin on January 20.

(EUR 1.0 = USD 1.333)

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