Tag: solar cells

The solar cell manufacturer raises $210.8 million to diversify upstream through a deal that will significantly increase its international ownership. Motech Industries is hoping that by adding more international shareholders to its register and diversifying upstream, the company's valuation will be lifted. The bonds offer zero yield, but the conversion premium is fixed at the top of the 20%-25% range after strong investor demand. The solar cell manufacturer hopes strong growth prospects will compensate for a high valuation as it seeks $150 million from international investors five months after domestic IPO.