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Maturity period of bearer bonds ends after seven years
May 2, 2011
By: DAVID SAVASTANO
Editor, Ink World Magazine
Seven years after the start of its issue on May 2, 2004, the maturity period of a corporate bond floated by SolarWorld AG ended May 2, 2011. At the time in 2004, the group offered bearer bonds with an annual interest rate of 7 percent. The volume amounted to € 25 million, which the company is now paying back to investors as scheduled. “We lived up to the trust that investors placed in our then young and fairly unknown company,” says Dr.-Ing. E.h. Frank Asbeck, chairman and CEO of SolarWorld A...
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