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Suntech
Summary of Proposed Investment

This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors’ consideration of the proposed transaction. Its purpose is to enhance the transparency of IFC’s activities, and this document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only.

Project number 27874
Company nameSuntech
Country
China
Sector1Electrical Machinery, Equipment and Components (Electric Lighting, Motors, Batteries, Insulated Wires and Cables, Fiber Optic Cable, Carbon and Graphite Products, etc.)
Environmental categoryB
Department
StatusActive
Date SPI disclosedMay 15, 2009
Projected board dateJune 18, 2009
Previous EventsInvested: July 8, 2009
Signed: June 30, 2009
Approved: June 25, 2009
View Environmental & Social Review Summary (ESRS), click here
click here
  Overview     Sponsor/Cost/Location     Development Impact     Contacts     Attachments  

Project description
IFC will provide a convertible loan of up to $100 million to support Suntech’s 2009-2013 capital expenditure plans and debt refinancing requirements.

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