(ADPnews) - Nov 5, 2010 - Swiss solar electricity producer Edisun Power Europe AG (SWF:ESUN) on Wednesday said it will issue a CHF-10-million (USD 10.2m/EUR 7.3m) bond in two tranches to raise funds for solar power projects.
The first tranche, maturing on December 30, 2016, will bear a coupon of 3.75%. It will be offered mainly to individuals and companies, which have already invested in Edisun Power, the firm said.
The second tranche, maturing on January 31, 2017, will carry a coupon of 3.5%. It will be open to new investors.
The proceeds from the bond will be used for financing a new 850-kilowatt solar installation on the roof of a building of Swiss food wholesaler Pistor Holding in Rothenburg and for the construction and financing of other solar power facilities in Switzerland, the company added.