Suntech Closes Offering of US$500 M

Wuxi, China [RenewableEnergyAccess.com] Suntech Power Holdings Co., Ltd. announced the recent closing of the offering of US$500 million of 0.25% Convertible Senior Notes due 2012 to qualified institutional buyers. The aggregate principal amount of notes sold reflects the exercise in full by the initial purchasers of their option to purchase up to an additional US$75 million of the notes to cover over-allotments.
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