The
bonds
have
a
fixed
annual
interest
rate
of
8.99%
and
will
mature
on 29
January
2019.
The
interest
rate
is
based
on
current
one-year
Shibor
(Shanghai
Interbank
Offered
Rate)
of
4.40%
plus
4.59%.
The
company
says
it
is
the
first
solar
company
approved
to
issue
corporate
bonds
in
China
this
year.
"This
round
of
fund
raising
reflects
strong
market
confidence
in
our
long-term
growth
potential
and
sustainable
business
development,”
says
chief
executive
Chen
Kangping.
The
proceeds
from
the
issuance
of
the
bonds
will
be
used
for
capital
expenditure
and
working
capital
purposes.
Jinko
has
solar
module
production
capacity
of
about
1.2GW…
