China Singyes Solar buys back RMB 108 million of 5% convertibles

By Marisa Wong

Morgantown, W.Va., June 1 – China Singyes Solar Technologies Holdings Ltd. said it repurchased 108 units of its 5% dollar-settled convertible bonds due 2019.

The bonds were purchased in the open market at RMB 1 million per unit. Total consideration, including accrued interest, came to RMB 109,863,000.

Following the buyback, RMB 816 million principal amount remains outstanding.

The company issued RMB 930 million of the bonds in August 2014.

China Singyes designs renewable energy systems and is based in Zhuhai, Guangdong, China.

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