Trina Solar shines with two-in-one combo

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By Rev Hui
12 Jun 2014

Solar panel manufacturer Trina Solar successfully raised a combined $247m by pricing a concurrent placement and convertible bond offering on June 6, despite a turbulent market backdrop as Chinese solar companies were slapped with new import taxes by the US.

Launched after the US market closed on June 4, Trina Solar followed the same tried and tested marketing strategy used by recent Chinese American Depositary Receipt (ADR) issuers such as Tal Education, by conducting a one and a half day bookbuild.

The advantage of such a schedule was that ...

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