HAMBURG (dpa-AFX) - Hamburg-based solar company Conergy AG said Monday that it is issuing an unsecured convertible bond totaling EUR 4,575,610.20 to two strategic investors.
The decision was taken today by the Conergy Board with the approval of the Supervisory Board, exercising the authorisation granted by the Annual General Meeting of October 5, 2010.
The convertible bond, which will be due June 30, 2015, has a fixed annual coupon of 7% and includes the investors' right to convert the bond into up to 4,357,724 ordinary bearer shares of Conergy.
With the convertible bond, the company will generate liquid funds in the amount of EUR 4,575,610.20.
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