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Article: Trina Solar Announces Concurrent Offerings of $120 Million of Senior Convertible Notes and Borrowed American Depositary Shares.
- Article from:
- PR Newswire
- Article date:
- July 16, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHANGZHOU, China, July 16 /Xinhua-PRNewswire-FirstCall/ -- Trina Solar Limited ("Trina Solar" or the "Company"), a leading integrated manufacturer of photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, founded in 1997, today announced it intends to offer, subject to market and other conditions, $120 million aggregate principal amount of senior convertible notes due 2013 and American depositary shares ("ADSs"), which are being borrowed by the joint bookrunners of the notes offering or their affiliates ("ADS Borrowers") pursuant to ADS lending agreements with Trina Solar. Trina Solar intends to grant to the underwriters of ...