Canadian Solar Successfully Issues A JPY18.5B Green Samurai Private Placement In Japan
Portfolio Pulse from Benzinga Newsdesk
Canadian Solar Inc. (NASDAQ:CSIQ) has successfully issued a JPY 18.5 billion green samurai private placement in Japan. The placement has a 3-year tenor with a mix of both semi-annual fixed (1.82% p.a.) and floating (circa 1.49% p.a.) coupons. The Japan Credit Rating Agency has assigned this structured bond with an investment grade rating of 'A-' and certified the issuer with the highest Green 1 rating under the Japanese Green Bond guidelines.
October 17, 2023 | 11:13 am
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Canadian Solar's successful issuance of a green samurai private placement in Japan could boost investor confidence and potentially impact the company's stock positively in the short term.
The successful issuance of the green samurai private placement by Canadian Solar indicates the company's strong financial position and ability to raise funds. This could boost investor confidence in the company and potentially lead to a positive impact on the company's stock in the short term.
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