Neo Solar shines with $120m SBLC-backed CB
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Asia

Neo Solar shines with $120m SBLC-backed CB

Taiwanese solar cell manufacturer Neo Solar Power has raised $120m from a zero coupon convertible bond backed by a standby letter of credit (SBLC). The deal was driven by a hefty fall in NSP’s stock price, pushing the issuer to redeem its outstanding notes early.

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