Polysilicon producer OCI prices GDR at 2.7% discount

The Korean company raises $700 million from the largest Asian GDR since 2007.

<div style="text-align: left;"> Polysilicon should grow as demand for photovoltaic (PV) solar power installations are projected to more than double to 41.9GW by 2015. (AFP)</div>

Anette Jönsson

May 23, 2011

OCI Company, a Korean specialty chemicals producer, accelerated the pricing of its $700 million global depositary receipts (GDR) offering last week on the back of strong demand and a drop in the price of polysilicon, one of its key products.

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