Bloomberg News

LDK Solar’s Domestic Yuan Bond Rises to Record in China Trading

By Bloomberg News
July 05, 2012

The yield for LDK Solar Co.’s 500 million yuan of domestic three-year bonds sold in December rose to a record 7.48 percent today, according to data from the China Foreign Exchange Trade System.

The yield for LDK Solar’s 400 million yuan of one-year bonds rose by a record 104 basis points yesterday to 5.93 percent, according to data from Chinabond, the nation’s bond clearinghouse.

LDK, the world’s second-largest maker of solar wafers, reported a first-quarter net loss of $185.2 million on June 26. The company on July 3 announced the resignation of Shao Yonggang as executive director and executive vice president of corporate strategy.

To contact Bloomberg News staff for this story: Henry Sanderson in Beijing at hsanderson@bloomberg.net; Feifei Shen in Beijing at fshen11@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net

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