Canadian Solar in $230m-plus CB and share sale

Suzhou-based solar company capitalises on its spectacular share price performance to raise up to $265 million from combined equity and convertible bond offering.

Canadian Solar, one of the world’s biggest solar power companies, returned to capital markets on Tuesday with a combined equity and convertible bond offering that could raise up to $265 million, after announcing a return to profit in 2013.

The company which is listed in the US, incorporated in Canada and manufactures in China where its management is also based has been one of the biggest beneficiaries of investors’ renewed interest in the solar industry over the past year.

Canadian Solar's shares have surged by more than 600% in the last 12 months, having traded at less than $5 a share in early 2013. As a...

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