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Swiss Meyer Burger to increase bond volume by CHF 20m

(SeeNews) – May 9, 2012 – Swiss solar technology firm Meyer Burger (SWF:MBTN) said Tuesday it is raising the amount of a bond launched on April 27 by CHF 20 million (USD 21.6m/EUR 16.6m) to CHF 130 million, in response to strong demand from investors.

The other conditions remain unchanged. The security bears a coupon rate of 5% and is due to mature on May 24, 2017. The payment date was set on May 24, 2012.

Previously, Meyer Burger said it will use the proceeds for research and development, investments related to the integration of acquired German player Roth & Rau, the concentration of its operations in Thun, Switzerland, and for general corporate purposes.

(CHF 1.0 = USD 1.082/EUR 0.833)

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