BAODING, China, Oct. 13, 2015 /PRNewswire/ -- Yingli Green
Energy Holding Company Limited ("Yingli Green Energy" or "the
Company") (NYSE:YGE), one of the world's leading solar panel
manufacturers, today announced that its holding subsidiary, Baoding
Tianwei Yingli New Energy Company Limited ("Tianwei Yingli"), has
substantially repaid the Mid-Term Notes ("MTNs") due today, which
was previously restructured to be paid by the end of 2015.
Approximately 70% of the MTNs including interest totaling
$110 million USD (700 million RMB) were repaid from the liquidation
of idle land and demolition of facilities held by Fine Silicon, one
of the Company's wholly-owned subsidiaries.
The MTNs were issued by Tianwei Yingli in October, 2010 as
five-year unsecured notes totaling $157
million USD (1.0 billion RMB).
The Company continues to work closely with the MTNs holders for
repayment of the remaining portion of MTNs and expects such
remaining portion to be repaid within one year.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE),
known as "Yingli Solar," is one of
the world's leading solar panel manufacturers. Yingli Green
Energy's manufacturing covers the photovoltaic value chain
from ingot casting and wafering through solar cell production and
solar panel assembly. Headquartered in
Baoding, China, Yingli Green Energy has more than 30
regional subsidiaries and branch offices and has distributed more
than 14 GW solar panels to customers worldwide. For more
information, please visit www.yinglisolar.com and join
the conversation
on Facebook, Twitter and Weibo.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," "target" and
similar statements. Such statements are based upon management's
current expectations and current market and operating conditions,
and relate to events that involve known or unknown risks,
uncertainties and other factors, all of which are difficult to
predict and many of which are beyond Yingli Green
Energy's control, which may cause Yingli Green
Energy's actual results, performance or achievements to differ
materially from those in the forward-looking statements. Further
information regarding these and other risks, uncertainties or
factors is included in Yingli Green Energy's filings with
the U.S. Securities and Exchange Commission. Yingli Green
Energy does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under applicable law.
For further information, please contact:
Qing Miao
Vice President of Corporate
Communications
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail: ir@yingli.com
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SOURCE Yingli Green Energy Holding Company Limited