Shunfeng to issue $360m of bonds

Partners Capital — which helped Shunfeng wrap up the placement of approximately $297m worth of five-year convertible bonds in late June — will handle the latest issuance.

Shunfeng will simultaneously issue the bonds in two separate HK$2.1bn and HK$700m placements, according to a statement on the Hong Kong stock exchange.

It will use all of the proceeds to facilitate the expansion of its PV business, including potential acquisitions, such as its early-September purchase of German PV developer SAG Solarstrom for €65m ($85.4m).

Shunfeng