By Christine Van Dusen
Atlanta, Feb. 18 - China's LDK Solar Co. Ltd. priced RMB 1.2 billion notes due Feb. 28, 2014 at par to yield 10%, a market source said.
Morgan Stanley and Citigroup were the bookrunners for the Regulation S-only deal.
The notes are payable in dollars.
Proceeds will be used to repay existing debt.
LDK Solar is a solar wafer producer based in Xinyu City, China.
Issuer: | LDK Solar Co. Ltd.
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Amount: | RMB 1.2 billion
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Maturity: | Feb. 28, 2014
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Description: | Senior notes
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Bookrunners: | Morgan Stanley, Citigroup
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Coupon: | 10%
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Price: | Par
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Yield: | 10%
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Trade date: | Feb. 18
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Settlement date: | Feb. 28
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Distribution: | Regulation S only
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