Monday, September 27, 2010

China Development Bank to Supply LDK Solar $8.9 Billion Credit Facility (LDK)

From PV-Tech:
LDK Solar has entered into a strategic financing agreement with China Development Bank (CDB) for the provision of up to RMB 60 billion (approximately US$8.9 billion) of credit facilities for LDK over a five-year period. Terms of the individual credit facilities and lending agreements will be subject to CDB's internal risk management requirements and operational regulations....