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.
— With assistance by Henry Sanderson, and Feifei Shen