Flexible Electronics News

Midsummer Contemplating Green Bond

To accelerate growth and sales of its innovative solar energy products.

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By: Anthony Locicero

Copy editor, New York Post

Midsummer AB said it is contemplating the issue of up to SEK 500 million [USD $53.8 million; €47.6 million] green senior unsecured bond and announce its Green Bond Framework.    The funds will be used to facilitate investments in DUO production capacity, increase R&D and strengthen the company’s sales channels to end consumers. Midsummer reported sales for 2018 of SEK 244 million with an EBITDA of SEK 57 million. The sales growth (CAGR) during 2014-2018 amounted to 97%. During 2018, M...

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