Yingli said it was able to honour about 70% of the mid-term notes by finding $110m from the proceeds of land sales by one of its subsidiaries, Fine Silicon.
Yingli – which had about 2.9bn yuan ($457m) in outstanding long-term debt at the end of 2014 – had already flagged up the need to revise its repayment schedule for the notes, which were issued in 2010.
The
