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

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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