Chinese turbine maker Ming Yang Smart Energy (MYSE) has issued a convertible bond to raise a total 1.7bn yuan ($243m) to support the OEM’s 10MW turbine R&D programme and invest in three wind farms, a regulatory filing shows.

The Guangdong-based company revealed in the bond prospectus a plan to spend in total 225m yuan on the double-digit offshore turbine development, of which 100m yuan will come from the recent fundraising.