Oct. 10 (Bloomberg) — LDK Solar Co., the manufacturer that
missed a bond in August 2013, agreed to supply State Nuclear
Power Technology Corp. with 60.5 megawatts of solar panels for a
power plant under construction in Western China.
Deliveries to the site in Xinjiang region have already
begun, according to a statement today from Xinyu, China-based
LDK and its provisional liquidators in the Cayman Islands. Terms
weren’t disclosed.
A majority of LDK’s bondholders agreed in March to a
restructuring deal after the company missed a semi-annual
payment in August 2013 on its 1.7 billion yuan ($277 million) of
notes that matured Feb. 28.
To contact the reporter on this story:
Ehren Goossens in New York at
egoossens1@bloomberg.net
To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Will Wade, Tina Davis