Etrion bought back bonds worth Euro 40 million

Switzerland-based independent solar power producer Etrion Corporation has bought back bonds worth Euro 40 million from its bondholders, with offers up to and including the par value with accrued and unpaid interest. The proceeds from the same will be used to reduce the company’s corporate debt and interest expenses, while maintaining a strong cash balance to fund its expansion projects in Japan. Recently, Etrion also sold 53 MW of PV plants in Italy.