China’s Yingli repays RMB 300 million of five-year notes due 2017

By Susanna Moon

Chicago, May 3 – Yingli Green Energy Holding Co. Ltd. said that one of its primary operating subsidiaries, Yingli Energy (China) Co. Ltd., has discharged its RMB 300 million five-year unsecured medium-term notes due May 3, 2017.

Yingli paid RMB 318 million to China Government Securities Depository Trust and Clearing Co. Ltd. as depositary and custodian to discharge the notes, according to a company notice.

The company said on April 27 that it received notice that noteholders sought to declare rights and payments under Baoding Tianwei Yingli New Energy Co. Ltd.’s RMB 1.4 billion of medium-term notes due May 12, 2016 and RMB 357 million of medium-term notes due Oct. 13, 2015.

As reported on April 13, Yingli has been holding negotiations with holders regarding a potential refinancing or revision of the payment schedule for its medium-term notes.

Yingli Green Energy is a Baoding, China, maker of solar panels.

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