Genesis Solar 2011 Pass-Through Trust has raised $702 million through the sale of trust certificates in two parts, Reuters reports. The first tranche of $561.6 million notes, which carry a coupon rate of 3.875%, will mature on Feb. 15, 2038.
The second tranche of $140.4 million, carrying a coupon rate of 5.125%, will mature on Feb.15, 2038. Credit Suisse was the only book-runner for the offering.
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