Suntech Prices US$425 M Convertible Senior Notes

Wuxi, China [RenewableEnergyAccess.com] Suntech Power Holdings Co., Ltd. announced the pricing of US$425 million of 0.25% Convertible Senior Notes due 2012 in a private offering. As a result of strong investor interest and market demand, the offering size was upsized from US$300 million to US$425 million. Pricing took place after one day of marketing. The initial purchasers hold a 30-day option to purchase up to an additional US$75 million of the notes to cover over-allotments, if any. The sale of the notes is expected to close on February 12, 2007.
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