CSI Solar Power has completed an initial issuance of $60million commercial paper to raise funds and repay debt and enhance working capital.
The paper has a one-year temor and a fixed interest rate of 5.5%, the solar developer has said.
China CITIC Bank acted as the underwriter and book runner of the issuance.
Canadian Solar chairman Shawn Qu said: “We are delighted to complete our first issuance of commercial paper in the Chinese capital market, further expanding our financing options.”