SOLARWORLD AG: SPECIAL REPAYMENT TO BOTH BONDS
A special repayment will be effected to both bonds of SolarWorld AG, causing a reduction of the respective nominal amount of each note. The technical implementation is not expected to require a halt of bond trading.
In the fourth quarter of 2016, the company sold a solar park from its portfolio to an external investor for a total sales price of € 17.0 million. € 7.5 million of the sales proceeds will go to SolarWorld’s financial creditors. They will be paid pro rata to the holders of the Senior Facilities and of both bonds.
Notes of SolarWorld FRN IS. 2014/2019 Series 1116 (ISIN DE000A1YDDX6)
Nominal amount per note: € 330.40
Partial repayment per note: € 6.91
Record date: November 23, 2016 (after close of trading)
Payment date: November 24, 2016
Nominal amount per note after partial repayment: € 323.49
Notes of SolarWorld FRN IS. 2014/2019 Series 1017 (ISIN DE000A1YCN14)
Nominal amount per note: € 339.68
Partial repayment per note: € 7.11
Record date: November 23, 2016 (after close of trading)
Payment date: November 24, 2016
Nominal amount per note after partial repayment: € 332.57
Source:solarworld
