Etrion has revealed that it has purchased €6.3 million ($7.4 million) of its outstanding corporate bonds.The Swiss independent power producer - which primarily focuses on the Japanese and Chilean solar markets - bought the bonds at par value from a number of unspecified bondholders, according to an online statement. It did not reveal any additional information about the transaction.
The company plans to hold the bonds as an investment and aims to report them in its next earnings statements. The purchase will bring its annual interest costs down 17% to about €2.7 million, it said.
"It is an excellent use of some of our current liquidity, while also leaving the company with ample cash to continue to execute on our business ...Den vollständigen Artikel lesen ...