CPE has subscribed for NOK85 m (€10.3 m) of a NOK140 m convertible bond issue from the company, which have a 12% coupon per annum and a three year term.
Metallkraft will use the proceeds from the convertible bond issue to finance a new plant in Singapore which will service the 740 MW wafer plant being commissioned by Renewable Energy Corporation (REC), part of the world’s largest integrated solar plant, and future expansion plans in China, CPE says.
