JinkoSolar (JKS) Unit to Issue RMB 300M of Unsecured Senior Debt
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Price: $23.17 +1.27%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 4.3%
Revenue Growth %: +4.3%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 4.3%
Revenue Growth %: +4.3%
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JinkoSolar Holding Co., Ltd. (NYSE: JKS), announced that JinkoSolar Co., Ltd., one of the Company's wholly owned subsidiaries, successfully issued unsecured one-year short-term bonds with a principal amount of RMB300 million on April 23, 2012. The bonds bear a fixed annual interest rate of 6.3%, lower than the current benchmark one-year lending rate of 6.56% and will mature on April 23, 2013.
The bonds were previously registered with the PRC National Association of Financial Market Institutional Investors. Industrial Bank acted as the lead underwriter and bookrunner for the bonds with standby commitment. All of the proceeds from the issuance of the bonds will be used as working capital.
The bonds were previously registered with the PRC National Association of Financial Market Institutional Investors. Industrial Bank acted as the lead underwriter and bookrunner for the bonds with standby commitment. All of the proceeds from the issuance of the bonds will be used as working capital.
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