Last autumn loss-making JAbought back $89.2m worth of 4.5% senior convertible bonds coming due on 15 May,leaving with some $120m due.

The Shanghai-based companywill be able to pay its bondholders on time, chief operating offier Xie Jiantells Bloomberg.

Suntech’s inability to meetits obligations to bondholders this month led to a group of powerful Chinesebanks petitioning for its principal manufacturing subsidiary to be taken intoinsolvency proceedings.

JA’s